When a stock trades up to $600... that's impressive. Problem is when we're talking about Apple (Nasdaq: AAPL) and as that's exactly what we're doing here, it's also depressing. Depressing because a lot of investors want to get in on the action, but at $600, 100 shares costs $60,000. That's an entire portfolio for some investors.
One option for relief from this quandary comes from ETFs, scores of which offer decent exposure to Apple.
Fortunately, there are no "Apple ETFs" trading for $600. In fact, none of the ETFs that can be used for decent Apple exposure even trade in the triple digits - at least not yet. Here are some more "Apple on the cheap" ETF options to consider beyond the PowerShares QQQ (Nasdaq: QQQ), the Technology Select Sector SPDR (NYSE: XLK) and the iShares Dow Jones US Technology Index Fund (NYSE: IYW).
Global X NASDAQ 500 ETF (Nasdaq: QQQV)The Global X NASDAQ 500 ETF debuted in December 2011, so it's still fair to call this fund a new ETF and it might be that rookie status that has folks glossing over this fund as a legitimate way of getting solid exposure to Apple. That's too bad because since QQQV debuted, it's up 19.74% and that's not including Tuesday's gains. That performance is triple what QQQ has offered over the same time frame.