The better-than-expected quarterly results out of Apple (NasdaqGS: AAPL) helped lift the technology sector this week, along with related exchange traded funds.

Apple, a major component in tech sector ETFs, gained over $23 billion in market value Wednesday on the latest earnings report, writes Dan Burrows for InvestorPlace. Nevertheless, the stock is still 40% below its high of $700 last September. [Apple Earnings, iPhone Sales Lift Nasdaq-100 and Tech ETFs]

Investors who are still interested in Apple as part of a technology allocation can consider a diversified market-cap weighted ETF that includes AAPL as the top holding.

Burrows points out five ETFs with AAPL as the top holding at over 10% of the funds’ weighting. Each tech ETF provide investors with a low-cost and diversified exposure to Apple:

  • iShares U.S. Technology ETF (NYSEArca: IYW): Apple is 16.3%. IYW also includes double-digit allocations in Microsoft (NasdaqGS: MSFT) and Google (NasdaqGS: GOOG). However, both Microsoft and Google have weighed on the sector after disappointing second quarter results.
  • Vanguard Information Technology ETF (NYSEArca: VGT): Apple is 13.6%. VGT is a little more diversified than IYW as AAPL is the only holding with a double-digit allocation. International Business Machines (NYSE: IBM) is the second largest holding at a less than 8%.
  • Technology Select Sector SPDR Fund (NYSEArca: XLK): Apple is 13.6%. XLK is the largest tech sector-specific ETF. MSFT, GOOG and IBM are also among the fund’s top holding.
  • iShares Global Tech ETF (NYSEArca: IXN): Apple is 12.2%. Along with MSFT, GOOG and IBM, this global tech ETF also includes Apple’s top rival Samsung with a weighting of 4.3%.
  • Powershares QQQ (NYSEArca: QQQ): Apple is 12.1%. QQQ is based on the Nasdaq-100, which includes 100 large non-financial companies. [Nasdaq-100 ETF Takes More Even-Handed Approach]

For more information on the tech sector, visit our technology category.

Max Chen contributed to this article.

Full disclosure: Tom Lydon’s clients own AAPL and QQQ.

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