Benzinga's  Instablog

Send Message
Benzinga is an innovative financial media outlet that empowers its users with high-quality, unique ideas that is coveted by the Street's top traders.
My company:
My blog:
  • Preparing for Apple Earnings, ETF Style 0 comments
    Oct 18, 2010 2:16 PM | about stocks: AAPL, IAH, QQQ, XLK, VGT, IGM
    By Jason Raznick

    You probably know that Apple (NASDAQ:AAPL) reports earnings after the market closes today, but you may not know that a staggering 70 ETFs offer exposure to the purveyor of iPads and iPhones.

    In fact, Apple is the most widely held stock by U.S. ETFs with exposure of over $10.4 billion, or almost 4% of Apple's market cap, according to ETF Channel.

    Obviously, all ETFs are not created equal and that is the case when it comes to those funds offering exposure to the Nasdaq's favorite darling.

    Of the 70 ETFs with Apple exposure, the stock accounts for 20% or more of three ETFs. Go figure, but the Internet Architecture HOLDRs (NYSE:IAH) offers a 22.4% allocation to Apple.

    The thinly traded PowerShares NASDAQ-100 BuyWrite (PQBW) is next with over 21% to Apple and the PowerShares QQQ (QQQQ) comes in third with about 20.6% devoted to Apple.

    Nine more ETFs have weights ranging from 10.1% to 13.6% to Apple. Among them: Technology Select Sector SPDR (NYSEARCA:XLK) with almost 12%, the Vanguard Information Technology ETF (NYSEARCA:VGT) with almost 11% and the iShares S&P North America Technology ETF (NYSEARCA:IGM) at 10.3%

    Disclosure: No position

    Disclosure: No position
    Stocks: AAPL, IAH, QQQ, XLK, VGT, IGM
Back To Benzinga's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


More »

Latest Comments

Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.