The $10.4 billion IVW allocates 27.6% to the technology, 1,155 basis points more than the fund’s second-largest sector weight, which is consumer discretionary. Six tech or Internet stocks are found among IVW’s top-10 holdings, including Apple (NasdaqGS: AAPL), Microsoft (NasdaqGS: MSFT) and Facebook (NasdaqGS: FB). [Tactical Application of ETFs]
S&P Capital IQ rates IVW and QQQ overweight.
“The thematic allocations can be held for as little as a month as well as six to nine months, depending upon the quantitative, macroeconomic, fundamental views of management” while Horizon’s “tactical positions are surrounded by the SPDR S&P 500 ETF (NYSEArca: SPY) and the iShares Core S&P 500 ETF (NYSEArca: IVV),” according to S&P Capital IQ.
iShares S&P 500 Growth ETF
Tom Lydon’s clients own shares of Apple, Facebook, QQQ and SPY.