Old Tech Meet’s New Tech in This ETF

That mix has recently proven rewarding. Although MTK is home to momentum Internet and social media names, including the aforementioned as well as Priceline (NasdaqGS: PCLN), eBay (NasdaqGS: EBAY) and Amazon (NasdaqGS: AMZN), the ETF is up more than 1% over the past 90 days compared to an 11.5% drop for FDN over that same time frame.

MTK is not cheating investors on the way up, either. Aided by Apple’s return to its highest levels in almost two years and a rebound in select Internet names, including Netflix, MTK is up 3.7% in the past month while is up 2.1%. [Tech ETF Types Up a New High]

The ETF’s exposure to Internet and social media names leads to a higher valuation than what is seen on XLK. MTK’s P/E ratio is 17.8 with a price-to-book ratio of 3.5 compared to a P/E of 15.7 for XLK, according to State Street data.

SPDR Morgan Stanley Technology ETF

Tom Lydon’s clients own shares of Amazon, Apple, Cisco and Facebook.