Amazon Sends a Batch of ETFs to All-Time Highs

XLY, the largest consumer discretionary ETF, entered Friday with a 7.66% weight to Amazon, making the stock the ETF’s second-largest holding behind Dow component Walt Disney (NYSE: DIS).

Life is also good for the Market Vectors Retail ETF (NYSEArca: RTH). Last year’s best-performing consumer discretionary, RTH had an 11.6% weight to Amazon as of July 22, helping the ETF to a 7.1% year-to-date gain. RTH’s Amazon exposure has helped the ETF endure sluggish performances from Wal-Mart (NYSE: WMT) and Costco (NasdaqGS: COST) this year. RTH is one of a small number of ETFs that show Amazon as its largest holding.

Of course Internet ETFs are among today’s best performers because those funds sport healthy Amazon weights. The First Trust Dow Jones Internet Index Fund (NYSEArca: FDN) is up 1.4% and earlier hit an all-time high thanks to a 9.7% weight to Amazon. Only Facebook commands a larger weight in that ETF.

FDN’s primary rival, the PowerShares NASDAQ Internet Portfolio (NasdaqGS: PNQI), also hit a new high earlier Friday. PNQI’s Amazon weight was almost 9% as of July 23, making the stock the ETF’s third-largest holding.