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.
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.
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.].