Those not living in a cave know that Apple (NASDAQ:AAPL), the once but no longer largest U.S. company by market value, reports its fiscal second-quarter results after the bell Tuesday.
While Apple no longer trades anywhere near its previous highs of over $700, the stock is still not cheap by price tag after closing around $406 before the earnings report.
That means some investors may opt to access shares of the iPad maker through ETFs and since many ETFs are weighted by the market value of their constituents, Apple is a prominent holding in plenty of familiar funds.
Following Apple's previous earnings report on January 23, the stock closed around $450 the next day. Five days later, the shares closed above $458 and over the month following the last earnings update, Apple gained 0.07 percent, though that move is deceiving because the shares flirted with $480 on February 11 before closing just under $451 on February 22.
With that in mind, here is what some ETFs with large Apple exposure did after the last earnings update.
PowerShares QQQ (NASDAQ:QQQ)
- Weight to Apple on April 22: 11.44 percent (the ETF's top holding)
- Price On January 24: $66.66
- On January 29: $67.16
- On February 22: $67.14
iShares Dow Jones U.S. Technology Sector Index Fund (NYSE:IYW)
- Weight to Apple on April 22: 15.95 percent (ETF's largest holding)
- Price On January 24: $71.50
- On January 29: $71.82
- On February 22: $72.07
Technology Select Sector SPDR (NYSE:XLK)
- Weight to Apple On April 19: 12.81 percent (ETF's biggest holding)
- Price on January 24: $29.27
- On January 29: $29.44
- On February 22: $29.69
Vanguard Information Technology ETF (NYSE:VGT)
- Weight to Apple on March 31: 13.6 percent (ETF's biggest holding)
- Price on January 24: $70.58
- On January 29: $70.74
- On February 22: $71.24
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