How Apple Stock Impacts The ETF World
The technology world is aflutter this week with the news that Apple will be releasing new versions of its iconic iPhone along with a new wearable device. Product announcements from this technology giant are treated similar to national holidays and the initial reaction from the stock has been quite favorable so far. As a result, numerous exchange-traded funds have been impacted across the investment universe.
As a stock, Apple Inc (AAPL) is carried in 90 different exchange-traded funds that include a variety of styles, sizes, and security selection themes. This represents total invested capital of $27 billion when you multiply the size of these ETFs by the percentage of their portfolio invested in Apple stock. You can see the full list by visiting the stock exposure tool at ETF database. Being one of the largest companies in the world certainly has its advantages and Apple finds itself into a diverse array of portfolios. This includes technology-related sector funds, growth strategies, broad indices, dividend groups, global plays, and even niche billionaire-focused ETFs.
Being one of the largest companies in the world certainly has its advantages and Apple finds itself into a diverse array of portfolios. This includes technology-related sector funds, growth strategies, broad indices, dividend groups, global plays, and even niche billionaire-focused ETFs.
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Disclosure: At the time this article was published, the author was long TDIV and VYM.