Ah yes, triple-digit stocks. So alluring and yet so off limits to many investors. It's an unfortunate reality that has been highlighted many times during Apple's AAPL amazing run. A stock trading over $100 is prohibitive to a many ordinary investors. Go over $400, $500 and above and the pool of investors that can get involved with these types of stocks shrinks even more dramatically.
No need to fret because there's an ETF for that. Actually, there are a few ETFs that can help investors can access to a fair amount of triple-digit darlings without owning the shares directly. The good news is none of the ETFs mentioned here sport triple-digit price tags and all represent viable ways of gaining exposure to some well known triple-digit divas.
Let's get started with the...
Technology Select Sector SPDR XLK
Currently trading just above $29, the Technology Select Sector SPDR is one of the best ETFs an investor can turn to for exposure to multiple triple-digit stocks. Everyone knows the Apple story by now and that stock is XLK's largest holding at 17.6% of the ETF's weight, but XLK doesn't stop there.
Dow component IBM IBM and Google GOOG combine for almost 12% of XLK's weight and the ETFs also features smaller allocations to MasterCard MA and Salesforce.com CRM.
Financial Select Sector SPDR XLF
On a percentage basis, XLF's allocations to triple-digit stocks is far smaller than that of XLK, but there are still home high-priced in this financial services fund. Goldman Sachs GS and Simon Property SPG are found in the ETF's top-10 holdings and BlackRock BLK receives a weight of 1.1%. Buy one share of each and it would cost about $475. On the other hand, XLF currently trades for less than $15.
Global X China Energy ETF CHIE
We were bullish on CHIE to start the year and that thesis has been validated with a gain of almost 13%. For those that love high-priced oil stocks, China has got plenty of them. The country's three largest oil companies – PetroChina PTR, Sinopec SNP and Cnooc CEO all trade for well over $100. In the case of Cnooc, that stock trades over $200.
Those investors looking for access to one or all of those Chinese oil giants would do well to investigate the thinly traded CHIE, which devotes almost a third of its weight to the aforementioned stocks.
iShares S&P 500 Growth Index Fund IVW
Apple is by far the iShares S&P 500 Growth Index Fund's largest holding with a weight of 7.5%, but this ETF offers exposure to more than 30 additional triple-digit stocks. We didn't include in our count IVW holdings such as Mcdonald's MCD, which are close to $100. In addition to McDonald's, IVW is home to several other stocks that with the benefit of a couple of good trading days could easily surpass $100.
First Trust ISE Cloud Computing Index Fund SKYY
It only trades for just over $20, but the First Trust ISE Cloud Computing Index Fund's current roster includes allocations to nine triple-digit stocks and that's not including Vmware VMW, which is just a few pennies below the $100 mark.
Familiar triple-digit names in SKYY's lineup include Netflix NFLX, Equinix EQNX, Salesforce, Apple, Google and Amazon AMZN.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Posted In:
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in