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    Will Apple Inc. (NASDAQ: AAPL) Keep Driving Technology ETFs Higher?

    Despite the recent selloff, shares of Apple Inc. (NASDAQ: AAPL) have skyrocketed 48% in the first quarter, dwarfing the 12% gain posted by the S&P 500.

    Apple's astonishing rise has also helped to underpin the Nasdaq Composite, which gained nearly 19% in the first quarter -- its strongest showing since 1991.

    But that's not the only place to experience the "Apple Effect."

    Many investors who own technology ETFs -- which hold almost 4% of all Apple shares outstanding -- were rewarded with even better returns.

    For instance, theVanguard Information Technology ETF (NYSE: VGT) was up 20.85% in the first quarter.

    Even better, the iShares Dow Jones U.S. Technology Index Fund (NYSE: IYW), was up 21.77%, thanks in part to Apple.

    Now the question is: Can Apple's momentum continue to drive technology ETFs higher?

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  • technology etfs