I bought some XLK back in 2018 and have added some to the position over the years. It has a great return but weird rules.
Basically, it can't hold more than 5% in any individual tech stock except the top 2 market cap companies, which mean it has held a lot of AAPL/MSFT of years.
With the rise of NVDA which looks to replace at least AAPL and maybe MSFT in market cap, does this mean the ETF will be buying a bunch of NVDA and dumping AAPL?
Doesn't matter that much to because I have no plan to sell but mostly curious.
Basically, it can't hold more than 5% in any individual tech stock except the top 2 market cap companies, which mean it has held a lot of AAPL/MSFT of years.
With the rise of NVDA which looks to replace at least AAPL and maybe MSFT in market cap, does this mean the ETF will be buying a bunch of NVDA and dumping AAPL?
Doesn't matter that much to because I have no plan to sell but mostly curious.
Statistics: Posted by adave — Wed Jun 05, 2024 5:02 pm — Replies 0 — Views 76