The $252 million QTEC (First Trust Nasdaq-100 Technology Sector, Expense Ratio 0.60%), as well the $452 million QQEW (First Trust Nasdaq-100 Equal Weighted, Expense Ratio 0.60%), and Direxion’s QQQE (Direxion Nasdaq-100 Equal Weighted, Expense Ratio 0.35%) always come to mind when AAPL is in distress like it is today.
With AAPL also being the highest weighted member of the cap-weighted SPX (>3.3% weighting) and linked ETFs like SPY (SPDR S&P 500, Expense Ratio 0.09%) and IVV (iShares Core S&P 500, Expense Ratio 0.07%) sharing the same characteristics, RSP (Guggenheim S&P 500 Equal Weight, Expense Ratio 0.40%) may get a fresh look from some here as well.
PowerShares QQQ
For more information on Street One ETF research and ETF trade execution/liquidity services, contact Paul Weisbruch at [email protected].
Street One Financial is an educational/research firm utilizing the Broker Dealer services of Precision Securities, a FINRA registered Broker/Dealer