Nasdaq-100 ETF Rises on Apple Dividend
March 19, 2012 at 10:11 AM EDT
A highly traded ETF indexed to the Nasdaq-100 rose in early dealings Monday along with its largest portfolio holding after Apple (NasdaqGS: AAPL) announced a $2.65-a-share dividend as well as a stock buyback plan. Apple represents 18.4% of PowerShares QQQ (NasdaqGM: QQQ). The Nasdaq-100 ETF, which...