Shares of Apple (NasdaqGM: AAPL), the largest U.S. company by market value, gained 2.5% Monday on above average volume, extending the iPhone maker’s winning streak to nine days. Since its June 27 bottom, the stock has surged almost 32%.

Apple getting back to its bullish ways is not only good news for Carl Icahn, but for some large ETFs that hold sizable allocations to the California-based company. [Grab Apple Slices With These ETFs]

Since June 27, the average gain for the PowerShares QQQ (NasdaqGS: QQQ), Technology Select Sector SPDR (NYSEArca: XLK), iShares U.S. Technology ETF (NYSEArca: IYW) and the Vanguard Technology ETF (NYSEArca: VGT) is 12.5%. The average weight to Apple among those ETFs is almost 14.3%. [Apple Lifts Tech ETFs]

In the near-term, those ETFs may face some headwinds because of Apple’s mixed results after its shares notch nine-day winning streaks. Nine-day winning streaks are not a frequent occurrence for Apple as the latest one is the stock’s ninth in almost 33 years as a public company.

Investors in the stock and the aforementioned ETF may want to brace for a small near-term pullback if past history is any indication.

“Interestingly, based on AAPL’s current price, its performance over the last nine trading days is weaker than the performance over any of the other prior nine day winning streaks.   Looking out over the next week, shares of AAPL have averaged a decline of 0.3% with positive returns half the time,” according to Bespoke Investment Group.