Apple dominates tech ETFs with its huge market capitalization. It represents more than 10% of PowerShares QQQ (NasdaqGM: QQQ), which tracks the Nasdaq-100.
Apple is also the second-largest holding in SPDR S&P 500 ETF (NYSEArca: SPY) after Exxon Mobil (NYSE: XOM) at 2.7% of the portfolio.
Apple and the Nasdaq ETF were both slightly higher in Tuesday’s premarket.
PowerShares QQQ
