State Street ETF to Rebalance, Elevating Nvidia Over Apple
The $71 billion Technology Select Sector SPDR Fund will significantly increase its Nvidia holdings while reducing Apple shares.
- Nvidia's weight in the ETF will rise above 20%, while Apple's will drop to 4.5%.
- State Street plans to buy $11 billion in Nvidia shares and sell $12 billion in Apple shares.
- The rebalance follows Nvidia's market cap surpassing Apple's.
- Diversification rules limit the cumulative weight of top stocks in the fund.
- The changes are set to take effect at the end of June.
Benzinga 
CNBC 
