Investors are sticking by SKYY. The ETF has captured nearly $134 million of its $288.4 million in assets under management this year. That as flows data indicate investors have trimmed positions in other momentum ETFs. For example, the First Trust Dow Jones Internet Index Fund (NYSEArca: FDN) has lost $28.3 million this year.
Even though SKYY is down 5.3% since the start of the second quarter, investors have poured $10. 6 million in new capital into the fund.
First Trust ISE Cloud Computing Index Fund
Tom Lydon’s clients own shares of QQQ and Cisco.