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By Market News Video Staff, Wednesday, October 6, 8:02 AM ET
According to ETFChannel.com's Top ETF Stock Components list, Apple (NASDAQ:AAPL) is the single largest US equity position of ETFs in the aggregate. ETFs hold approximately $9.7 billion of Apple stock, or about 3.7% of Apple's market cap.
To put this in perspective, ETFs own about $4.5 billion of International Business Machines (NYSE:IBM), or only 2.6% of IBM's market cap.
The PowerShares QQQ (QQQQ) is the largest ETF holder of Apple at about $4.3 billion, or nearly 20% of the total holdings of the ETF. The SPDR S&P 500 ETF (AMEX:SPY) is next in line at about $2 billion of Apple.
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