FDN has also benefited from its status as one of a small number of ETFs that feature Netflix (NasdaqGS: NFLX) as a top-10 holding. That stock, which represents 4.1% of FDN’s weight, is up 5% this month.

Amazon (NasdaqGS: AMZN) has been helping FDN as well with a 4% gain this month. However, the stock has been a drain on FDN and several other marquee ETFs this year with a loss of nearly 20%, indicating that if Amazon rallies in earnest, FDN should go along for the ride. [Issues Remain for Discretionary ETFs]

First Trust Dow Jones Internet Index Fund

ETF Trends editorial team contributed to this post. Tom Lydon’s clients own shares of Facebook.