The NASDAQ this week closed above the 5,000 level for the third time in history and is one big day away from hitting the highest level ever for the index. The rally has been fueled by a big move in Apple Inc. (NASDAQ: AAPL), but the top performers in the index over the last month are a plethora of relatively unknown names to most retail investors.
With that being said, it is time to look at some of the niche ETFs within the technology sector as investment opportunities. For example, the PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ: QQQ), which is heavily weighted in Apple, is up 21 percent over the last 12 months. There is a trio of niche ETFs that have greatly underperformed the broader index, and it may be time to start nibbling.
First Trust Dow Jones Internet Index ETF
The First Trust DJ Internet Index Fund (ETF) (NYSE: FDN) consists of 42 Internet-related companies that generate at ...
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