Apple stock: 10 ETFs with large weightings of the iPhone maker

seekingalpha05-04

Apple (NASDAQ:AAPL) stock ripped higher Friday after the company’s financial update including a plan for a massive share buyback. The board authorized repurchases of an additional $110B shares of the...

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The board authorized repurchases of an additional $110B shares of the company, the largest buyback program in U.S. history. Apple (AAPL) already held the record for the largest share-buyback program with its $100B plan announced in May 2018.  Apple’s (AAPL) stock climbed more than 6% Friday, on course for the largest single-day percentage gain since November 2022 when it jumped 8.9%, according to Dow Jones data. The move helped lift the S&P 500 (SP500) (VOO) (IVV).  The company led by Tim Cook also raised its cash dividend 4% to $0.25 and posted Q2 earnings that exceeded Wall Street's targets.  Here are 10 ETFs with the biggest AAPL (AAPL) weightage, excluding single-stock focused ETFs, as of May 2:  Technology Select Sector SPDR Fund (XLK) - 20.6% Direxion Daily Technology Bull 3X (TECL) - 19.19% iShares Global Tech ETF (IXN) - 16.64% ProShares Ultra Technology ETF (ROM) - 15.43% iShares U.S. Technology ETF (IYW) - 15.51% Vanguard Information Technology Index Fund ETF Shares (VGT) - 15.38% Fidelity MSCI Information Technology Index ETF (FTEC) - 15.34% Calvert US Large-Cap Diversity, Equity And Inclusion Index (CDEI) - 12.65% Wahed FTSE USA Shariah ETF (HLAL) - 12.32% Vanguard Mega Cap Growth Index Fund (MGK) - 11.93%","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2432189837"}