“Apple Inc. (AAPL) one of the most innovative and growing companies in the world currently tops the list in assets held by Exchange traded funds (ETFs),” ETF Daily News reports. “A whopping $7.8 Billion dollars of Apple’s stock is held in ETFs ranging from technology heavy ETFs to large cap ETFs throughout the marketplace. Exxon Mobil and Microsoft 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, continues to surprise investors with the release of stunning new products and a great return on investment for shareholders” ETF Daily News reports. “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.”
“With Apple 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… The PowerShares QQQ ETF (QQQQ) which tracks the Nasdaq 100 and holds a whopping 18.83% of 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.”
Full article, with a list of the top 20 companies sorted by assets held in ETFs, here.