Apple Inc. (AAPL – Free Report) reported robust second-quarter fiscal 2024 results, wherein it beat estimates on both earnings and revenues. The iPhone manufacturer lifted its dividend payments and unveiled a record share buyback program amid the steep decline in iPhone sales.
Bolstered by the increased dividend and stock repurchase commitment, Apple shares jumped as much as 8% in after-market hours, lifting its market capitalization by more than $160 billion. Investors seeking to tap the strength should consider ETFs having the largest allocation to the tech titan. Technology Select Sector SPDR Fund (XLK – Free Report) , Vanguard Information Technology ETF (VGT – Free Report) , MSCI Information Technology Index ETF (FTEC – Free Report) , iShares US Technology ETF (IYW – Free Report) and Vanguard Mega Cap Growth ETF (MGK – Free…
