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.
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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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