It's well understood by the investment community that Apple Inc. (NASDAQ: AAPL) is a heavyweight stock given its approximately $500 billion. However, it isn't as clear what affect Apple has in the exchange-traded funds that hold it stock.
Bloomberg's Eric Balchunas breaks down the facts.
"People will sometimes say that ETFs are the tail wagging the dog," he explained. However, "Apple is the tail wagging the ETF."
/www.benzinga.com/media/cnbc/16/04/7907448/bloomberg-breaks-down-apples-stock-performance-and-how-it-affects-etfs alt=Bloomberg Breaks Down Apple's Stock Performance And How It Affects ETFs>Full story available on Benzinga.com
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