
A large-cap-momentum-focused, AI-powered exchange-traded fund (ETF) sponsored by Qraft Technologies shed its entire Apple Inc. (NASDAQ:AAPL) stake in August, according to an update on monthly holdings issued by the South Korea-based company.
What Happened: The QRAFT AI-Enhanced U.S. Large Cap Momentum ETF (NYSE:AMOM) sold several of its tech holdings in September. The ETF's Apple holdings went from 7.9% in August to naught in September.