iShares U.S. Technology ETF (IYW)
AAPL Stock Weight: 17.95%
The iShares U.S. Technology ETF (IYW) is the biggest hoarder of AAPL stock, with nearly a fifth of the whole darn fund invested in the maker of iPhones and iPads.
The IYW — a fairly popular ETF at nearly $3 billion in assets — is tethered to the Dow Jones U.S. Technology Index, a market cap-weighted index containing a veritable who’s who of American tech companies. In addition to AAPL stock, you’ve got hot tech stocks like Google (GOOG), Microsoft (MSFT), IBM (IBM), Oracle (ORCL) … you get the point.
In fact, you get about all you can handle of the biggest ones.
While IYW holds 142 companies, nearly 67% of the fund can be found in its top 10. Not only is IYW fat in AAPL stock, but it also has 10%-plus weightings in GOOG and MSFT … meaning big moves in any of those three stocks will have an awfully outsized effect on the performance.
IYW charges 0.45% in expenses, or $45 for every $10,000 invested. The fund also offers a small dividend yield of 1.11%.