2 ETF that bite a piece of Apple's apple |Investing.com
(This article was originally written in English on September 21, 2021 and translated into Spanish for this edition)
Shares of Apple (NASDAQ:AAPL) hit a record high of $157.16 on September 7. The rise was due, in part, to the “buy on the rumours” strategy ahead of the iPhone launch event on September 14.
That day, executives unveiled the new iPhone 13 lineup along with the 2021 iPad range and Apple Watch Series 7. However, market reaction was tepid. And since then, Apple shares have come under pressure along with the broader markets.
As of this writing, on September 20, Apple is hovering around $142.5, which is 9% below the all-time high recorded on September 7. However, Apple shares are still up 7% so far this year.
Among 41 analysts surveyed by Investing.com, Apple shares enjoy a "best performer" rating, along with a 12-month price target of $168.51, up 18% %. This means that despite the recent profit taking, Wall Street is still bullish in the long term. The 12-month price range is currently between $132 and $190.
So today we're introducing two exchange-traded funds (ETFs) whose main participant is Apple. These funds could be attractive to investors who want some, but not full, exposure to Apple.
1. iShares Global 100 ETF
Current price: $71.64
52-week range: $53.96-$75.10
Dividend yield: 1.47%.
Expense ratio: 0.40% pa
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— AG Karl A. Racine Wed Oct 21 20:18:26 +0000 2020