XLK is not alone on the Apple-induced inflows front. The iShares U.S. Technology ETF (NYSEArca: IYW) has an 18.3% weight to Apple, which has helped the ETF rake in almost $197 million since the start of July.
Looking at a longer time frame, Apple has surged nearly 16% over the past three months. Perhaps it is not a coincidence that over the three months ending Aug. 17, the PowerShares QQQ (NasdaqGM: QQQ) added$848 million in new assets. QQQ, the NASDAQ-100 tracking ETF, sports a 13.3% weight to Apple. That is 500 basis points larger than the fund’s allocation to Microsoft, its second-largest holding. [NASDAQ ETFs in the Lead]
Technology Select Sector SPDR
ETF Trends editorial team contributed to this post. Tom Lydon’s clients own shares of Apple and QQQ.