Big Reshuffle of $71 Billion ETF Looms as Nvidia Surpasses Apple [Yahoo! Finance]
Apple Inc. (AAPL)
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Source: Yahoo! Finance
the expense of Apple Inc. – spurring billions of dollars in trading volume in one fell swoop. Most Read from Bloomberg Flesh-Eating Bacteria That Can Kill in Two Days Spreads in Japan These Are the World's Most Expensive Cities for Expats in 2024 How the US Mopped Up a Third of Global Capital Flows Since Covid Hedge Funds' Secret Weapon to Fight the SEC Lives in Texas S&P 500 Races Toward 30th All-Time High of 2024: Markets Wrap Barring an 11th-hour deviation from the methodology set out by index provider S&P Dow Jones Indices, State Street Global Advisors is on track to revamp the composition of its $71 billion Technology Select Sector SPDR Fund (ticker XLK) after Nvidia's market value closed above Apple on Friday. For months, XLK has held way fewer Nvidia shares even as the AI giant soared 166% year-to-date. When the chipmaker ranked in third place, it made up roughly 6% of the ETF's assets, compared with 22% in the S&P 500 Information Technology Index. The ownership
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AAPL
Earnings
- 5/2/24 - Beat
AAPL
Sec Filings
- 6/3/24 - Form 4
- 5/30/24 - Form 144
- 5/17/24 - Form 4
- AAPL's page on the SEC website