FDN Sees $1.6 Billion in Fund Inflows in Trailing 12 Months


Oct. 28 2015, Updated 9:09 a.m. ET

Overview of the FDN ETF

The First Trust Dow Jones Internet ETF (FDN) tracks a market-cap-weighted portfolio of liquid US internet companies. It tracks the performance of 40 publicly-listed companies in the technology sector. The market capitalization of the FDN ETF is $3.7 billion with an expense ratio of 0.57% and an average daily volume of shares traded at $39.8 million. The price-to-earnings ratio of the FDN ETF is 36.30x, whereas its price-to-book value ratio and distribution yield stand at 3.78x and 0.00%, respectively.

Article continues below advertisement

Top holdings

The top 5 holdings of the ETF include Amazon (AMZN) at 10.3%, Facebook Inc. Class A Shares (FB) at 10.3%, Netflix (NFLX) at 5.5%, Salesforce.com at 5.5%, and Google Inc. Class A (GOOGL) at 5.3%. These five holdings comprise over 37% of the total portfolio. Amazon (AMZN) comprises 5.3% of the PowerShares QQQ ETF (QQQ) as well.

Fund flows in the FDN ETF

In the trailing-one-month period, fund inflows for the First Trust Dow Jones Internet Index Fund (FDN) were $215.2 million, whereas, in the trailing-12-month period, net fund inflows stood at $1.6 billion. Fund flows in the trailing-one-week and trailing-three-month (or quarterly) periods for the FDN ETF were $154.2 million and $516.5 million, respectively. Since October 5, 2015, the FDN ETF was trading consistently above its moving averages, and net fund inflows in the ETF were $228.2 million.

The FDN ETF generated investor returns of 19.2% in the trailing-12-month period and 0.27% in the trailing-one-month period. In comparison, it generated 24.4% returns in the trailing-three-year period, 14.0% YTD (year-to-date) and -4.4% in the last three months.

Article continues below advertisement

Moving averages

On October 23, 2015, the FDN ETF closed the trading day at $73.5. Based on this figure, here’s how the stock fares in terms of its moving averages:

  • 6.1% above its 100-day moving average of $69.3
  • 6.6% above its 50-day moving average of $68.9
  • 5.6% above its 20-day moving average of $69.6

Relative strength index

The FDN ETF’s 14-day RSI (relative strength index) is 65.6, showing that the ETF is slightly overbought[1. Generally, if the RSI is above 70, it indicates the stock is overbought. An RSI figure below 30 suggests that a stock has been oversold.].


More From Market Realist

  • Open sign on a sidewalk
    Macroeconomic Analysis
    Top Reopening Stocks to Play the Shifting Market Sentiment
  • Morgan Stanley sign and stock numbers
    Macroeconomic Analysis
    Morgan Stanley's Buyback Stock Picks in 2021
  • Black Wall Street sign is sign of ethical investing
    Macroeconomic Analysis
    Ethical Investing Stocks and Funds for Your 2021 Portfolio
  • New York City skyline and Goldman Sachs logo
    Macroeconomic Analysis
    Goldman Sachs: Options Trade Picks to Play Earnings Season Volatility
  • CONNECT with Market Realist
  • Link to Facebook
  • Link to Twitter
  • Link to Instagram
  • Link to Email Subscribe
Market Realist Logo
Do Not Sell My Personal Information

© Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.