Apple Slices: These Sub-$80 ETFs Have It (AAPL, XLG, FTQ)

While the news of Ashton Kutcher (seriously??) playing Steve Jobs in an upcoming indie movie may be a downer to some Apple AAPL lovers, fans of the technology juggernaut can take heart. Shares of America's largest company by market value shook off the news of an actor known more for his penchant for cougar hunting than legitimate talent playing the iconic Jobs. In fact, Apple jumped on Monday after one bold analyst placed a $1,001 price target on the stock. That's fairly significant upside from current levels and it's enough to again ignite the discussion regarding creative ways investors can access Apple for a lot less than $618 a share. So with no further ado, here are more ETFs with large Apple exposure to have a look at. FocusShares Morningstar Technology Index ETF FTQ The FocusShares Morningstar Technology Index ETF is unheralded rival to the Technology Select Sector SPDR XLK and while XLK gets heaps of praise for being its large allocation to Apple, FTQ is not be outdone on that front. XLK offers a weight of 18.71% to the iPad maker, but as of March 30, FTQ's weight to Apple was 19.98%. With an expense ratio of 0.19%, FTQ is slightly more expensive than XLK (0.18% expense ratio), but Scottrade clients can trade FocusShares ETF free of charge, sweetening the allure of FTQ for cost-conscious investors. iShares Morningstar Large Growth Index Fund JKE JKE was highlighted in December as an obscure Apple play. Back then, the ETF was trading in the mid-$60s. It closed at all-time high of $78 on Monday. JKE serves as a case study for how Apple's soaring market cap has impacted various ETFs. When we first examined the fund a few days before Christmas, Apple accounted for just over 12% of the fund's weight. Today, Apple represents 16.23% of JKE's weight, more than triple the allocation given to Google GOOG, JKE's second-largest holding. iShares S&P North Amer Technology Index Fund IGM The iShares S&P North Amer Technology Index Fund has been around for over a decade, so it's not exactly undiscovered. With almost $439 million in assets under management, IGM is by no means small, either. IGM is home to almost 260 stocks, but Apple accounts for 11.23% of the total weight, and that's sizable for an ETF with that many holdings. IGM's average daily volume is less than 28,000 shares per day, but the ETF is up more than 20% year-to-date and most of that run is attributable to Apple. Guggenheim Russell Top 50 ETF XLG Despite being a large ETF with over $464 million in assets under management, the Guggenheim Russell Top 50 ETF doesn't grab a lot of headlines, but the fund is an adequate Apple play on two levels. First, Apple is XLG's largest holding at 8.68% of the fund's weight. Second, technology is XLG's largest sector weight at 28.31%. Apple is the rising tide lifting large-cap tech stocks these days and the Russell Top 50 Index is cap-weighted, meaning the larger Apple's market value grows, the more prominent it becomes in the index. XLG's R-Squared is 99.89 meaning the ETF has an almost perfect correlation to the S&P 500.