An Overview of Fund Flows in 8 Technology ETFs
Overview of FDN
The First Trust Dow Jones Internet Index ETF (FDN) tracks a market-cap–weighted portfolio of liquid US Internet companies. This ETF tracks the performances of 40 publicly listed companies in the technology sector.
FDN’s market capitalization is $4.1 billion, its expense ratio is 0.57%, and its average daily volume of shares traded in dollars is $57.9 million. The price-to-earnings ratio of FDN is 36.30x, whereas its price-to-book value ratio and distribution yield stand at 3.78x and 0.0%, respectively.
FDN’s top five holdings are Amazon (AMZN) at 10.3%, Facebook Class A Shares (FB) at 10.3%, Netflix (NFLX) at 5.5%, Salesforce.com at 5.5%, and Google Class A Shares (GOOGL) at 5.3%. These companies constitute over 37% of FDN’s total portfolio. Amazon also composes 5.3% of the Power Shares QQQ, Series 1 ETF (QQQ).
Fund flows in FDN
In the trailing-one-month period, fund inflows for FDN were $321.8 million, and in the trailing-12-month period, net fund inflows were $1.7 billion. FDN’s fund flows in the trailing one week and trailing three months were $93.6 million and $584.9 million, respectively.
Since October 5, 2015, FDN has traded consistently above its moving averages, and net fund inflows in the ETF have been $321.8 million.
FDN generated investor returns of 24.4% in the trailing-12-month period and 11.7% in the trailing-one-month period. In comparison, it generated 27.4% returns in the trailing-three-year period, 23.8% YTD (year-to-date), and 5.0% in the last three months.
On November 2, 2015, FDN closed the trading day at $75.22. Based on this figure, here’s how the stock fares in terms of its moving averages:
- 8% above its 100-day moving average of $69.71
- 8% above its 50-day moving average of $69.36
- 5% above its 20-day moving average of $71.87
Relative strength index
FDN’s 14-day RSI (relative strength index) is 69.5, which shows that the ETF is slightly overbought. 1
- Generally, if the RSI is above 70, it indicates the stock is overbought. An RSI figure of below 30 suggests that a stock has been oversold. ↩
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