Apple’s (AAPL) Stock Is Currently The Number One Company Held By ETFs
Apple Inc. (Nasdaq:AAPL) one of the most innovative and growing companies in the world currently tops the list in assets held by Exchange traded funds (ETFs). A whopping $7.8 Billion dollars of Apple’s Stock (AAPL) is held in ETFs ranging from technology heavy ETFs to large cap ETFs throughout the marketplace. Exxon Mobil (NYSE:XOM) and Microsoft (NASDAQ:MSFT) take the second and third spot on the list with $7.1 Billion and 5 Billion respectively in value held.
Steve Jobs the CEO of Apple (Nasdaq:AAPL) continues to surprise investors with the release of stunning new products and a great return on investment for shareholders. Apple’s latest release, the fourth generation iPhone (iPhone 4), is set to go on sale June 24th. The new device has a homegrown processor like the one used in the iPad and a bigger battery that offers up to seven hours of talk time, six hours of 3G browsing, and 300 hours of standby. It also comes with a new 5 megapixel camera that can record video in high-definition. This new phone, combined with the revolutionary new iPad should further catapault the bottom line for Apple. Marguerite Reardon from CNET foreshadows the impact of the new iPhone by saying, “With allthese new features and more, there’s no question that many existing iPhone, iPhone 3G, and iPhone 3GS users will be chomping at the bit to get a new iPhone 4 when it hits store shelves later this month”
With Apple (Nasdaq:AAPL) currently being the most widely held company in ETFs, investors obviously have many choices for exposure in Apple. Among these choices, one ETF stands out among the rest as the Apple heavyweight. The PowerShares QQQ ETF (NASDAQ:QQQQ) which tracks the Nasdaq 100 and maintains a whopping 18.83% of its holdings in Apple’s stock is a very liquid and high profile ETF. The QQQ’s ETF which has been around for over a decade, can attribute much of its success to Apple. Since the 2009 March lows Apple has risen in upwards of +80% whereas the PowerSharesQQQ ETF is up about 50% compared (see the chart below). While returns have been greater in Apple over the long haul, diversification with the QQQ’s ETF helps protect investors from an unexpected turn in Apple’s stock while still having great exposure. Visit our PowerShares QQQ ETF (NASDAQ:QQQQ) Category for more commantary on the ETF.
Here is a current list of the top 20 companies sorted by assets held in ETFs below for you to take a look at. (As of 6/10/10)
| Rank | Stock | Amount Held by ETFs | % of Stock’s Mkt. Cap. |
|---|---|---|---|
| #1 | (AAPL) | $7,865,525,721.48 | 3.47% |
| #2 | (XOM) | $7,153,685,861.99 | 2.49% |
| #3 | (MSFT) | $5,026,386,742.99 | 2.28% |
| #4 | (IBM) | $4,353,402,119.48 | 2.74% |
| #5 | (CVX) | $4,349,852,289 | 3.05% |
| #6 | (JNJ) | $4,172,360,843.17 | 2.58% |
| #7 | (PG) | $4,117,232,244 | 2.30% |
| #8 | (BAC) | $3,538,050,030.38 | 2.30% |
| #9 | (CSCO) | $3,360,787,596.77 | 2.56% |
| #10 | (JPM) | $3,256,945,448.36 | 2.17% |
| #11 | (T) | $3,240,340,033.73 | 2.20% |
| #12 | (GE) | $3,226,849,637.36 | 1.95% |
| #13 | (WFC) | $3,224,603,490.24 | 2.23% |
| #14 | (GOOG) | $3,151,506,029 | 2.65% |
| #15 | (INTC) | $3,122,049,739.57 | 2.78% |
| #16 | (AMX) | $2,999,342,701 | 3.86% |
| #17 | (KO) | $2,783,430,239.69 | 2.34% |
| #18 | (WMT) | $2,781,823,263.2 | 1.48% |
| #19 | (PFE) | $2,701,008,820.27 | 2.30% |
| #20 | (MRK) | $2,617,675,654.79 | 2.48% |
We have also put together some details on the PowerShares QQQ ETF (NASDAQ:QQQQ) including a list of the top companies within the ETF below:
PowerShares QQQ ETF (NASDAQ:QQQQ)
PowerShares QQQ™, formerly known as “QQQ” or the “NASDAQ- 100 Index Tracking Stock®”, is an exchange-traded fund based on the Nasdaq-100 Index®. The Fund will, under most circumstances, consists of all of stocks in the Index. The Index includes 100 of the largest domestic and international nonfinancial companies listed on the Nasdaq Stock Market based on market capitalization. The portfolio is rebalanced quarterly and reconstituted annually.
| TOP 10 HOLDINGS ( 46.58% OF TOTAL ASSETS) |
|
Related posts:
- Getting On Board Apple And Microsoft With These ETFs (IYW, QQQQ, XLK, AAPL, MSFT, INTC)
- Smartphone Wars: Investing In Either The Apple iPhone or Google Android With ETFs (AAPL, GOOG, QQQQ, FDN)
- Increased Price Target On Apple (AAPL) Shares Provides A Boost To The PowerShares QQQ ETF (QQQQ)
- Apple Inc (AAPL) And The PowerShares QQQ ETF (QQQQ) Look Toppy
- Do You Know How Much Apple (NYSE:AAPL) Is In Your ETF?
Umm……”The PowerShares QQQ ETF (NASDAQ:QQQQ) which tracks the Nasdaq 100 and holds a whopping 18.83% of Apple’s stock is a very liquid and high profile ETF.”
How about: “…which maintains 18.83% of its holdings in AAPL…” – a far cry from owning 18.83% of APPL!
Editors Note: ……”Nasdaq 100 and holds a whopping 18.83% of Apple’s stock” Has been changed to “Nasdaq 100 and maintains a whopping 18.83% of its holdings in Apple’s stock …”
Are not these guys that sell Apple everytime there is a pull back to cover their other losses. Drove the price to $78 the last time around.