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Big reshuffle of $71 billion ETF looms as Nvidia surpasses Apple
short by / on Tuesday, 18 June, 2024
Barring an 11th-hour deviation from the methodology set out by index provider S&P Dow Jones Indices, State Street Global Advisors is on track to revamp the composition of its $71 billion Technology Select Sector SPDR Fund after Nvidia’s market value closed above Apple on Friday. XLK has held way fewer Nvidia shares as the AI giant soared 166% year-to-date.
read more at Bq Prime