Is it possible for a stock to have a market value north of $301 billion, a year-to-date gain of 25.6% and still not find significant representation among ETFs? Yes, it is. Such is life for Internet search giant Google (NasdaqGS: GOOG).

Despite those lofty accolades, Google is arguably under-represented within broad market and sector ETFs. Few funds feature a double-digit allocation to the darling stock, but one that does is benefiting in a big way.

The First Trust Dow Jones Internet Index Fund (NYSEArca: FDN) has previously benefited from Google surges. This time around is no different. [Google Rally Lifts, Tech Nasdaq ETFs]

FDN, which turns seven years old in three weeks, allocates 10.3% of its weight to Google, making the stock the ETF’s largest constituent by almost 340 basis points over number two holding (NasdaqGS: AMZN).

Perhaps one reason Google is not a dominant presence in more ETFs is because there are not many pure-play Internet ETFs on the market. FDN is the dominant name in the Internet ETF space and that position has only been bolstered by Google’s stellar 2013 performance. [ETF Spotlight: Internet Sector]

As of May 17, FDN had over $1 billion in assets under management, though little fanfare has been paid to the ETF reaching that milestone. Impressively, the ETF has raked in $320.6 million in fresh assets this year, according to Index Universe data. Said differently, more than 32% of FDN’s current asset base has trickled in in less than five months. In May alone, the ETF has attracted almost $18 million in new assets.

FDN tracks the Dow Jones Internet Composite Index. In addition to Google and Amazon, the ETF’s other top-10 holdings include an assortment of other high-flying, high-beta names that could benefit from a cyclical rotation. That group includes eBay (NasdaqGS: EBAY), Priceline (NasdaqGS: PCLN) and Netflix (NasdaqGS: NFLX). [Two ETFs For A Cyclical Rotation]