A Guide to How Some ETFs May React Post-Apple Earnings

Those not living in a cave know that

, once but no longer the largest U.S. company by market value, reports its fiscal second-quarter results after the bell Tuesday. While Apple no longer trades anywhere near its previous highs over $700, the stock still is not cheap by price tag after closing around $406 before the earnings report. That means some investors opt to access shares of the iPad maker through ETFs and since many ETFs are weighted by the market value of their constituents, Apple is a prominent holding in plenty of familiar funds. Following Apple's previous earnings report on January 23, the stock closed around $450 the next day. Five days later, the shares closed above $458 and over the month following the last earnings update, Apple gained 0.07 percent, though that move is deceiving because the shares flirted with $480 on February 11 before closing just under $451 on February 22. With that in mind, here is what some ETFs with large Apple exposure did after the last earnings update.