Looking for Exposure to NFLX? Try These Two ETFs

Shares of streaming giant Netflix (NFLX) have surged about 32% over the past six months, against the S&P 500’s (SPX) 1% decline. The company’s rising subscriber base and robust financial position keep it well poised for growth. Also, investors are optimistic about NFLX’s potential to benefit from its expanding mobile gaming and advertising units. Thus, to gain exposure to NFLX stock, investors may consider investing in these two ETFs: Global X Millennial Consumer ETF (MILN) and iShares Nasdaq Top 30 Stocks ETF (QTOP).

Let’s take a deeper look at these two ETFs.

Global X Millennial Consumer ETF

The MILN ETF invests in companies that benefit from the spending habits of the millennial generation (born between 1980 and 2000). MILN includes companies from various industries such as media and entertainment, food and dining, and clothing among others. The ETF tracks the performance of the Indxx Millennials Thematic Index. NFLX constitutes 3.85% of the holdings in the ETF.

Some of the top holdings in MILN ETF include Costco Wholesale (COST), Spotify (SPOT), and DoorDash (DASH). Further, the ETF has $114.27 million in assets under management (AUM) and has an expense ratio of 0.5%. It is worth noting that the ETF has returned 7.2% in the past six months.

On TipRanks, MILN has a Moderate Buy consensus rating based on 54 Buys, 23 Holds, and one Sell assigned in the last three months. At $53.62, the average MILN ETF price target implies 24.56% upside potential.

iShares Nasdaq Top 30 Stocks ETF

The QTOP ETF is designed to track the performance of the 30 largest companies by market capitalization within the Nasdaq 100 Index (NDX). It focuses on mega-cap growth stocks across sectors like Technology and Consumer Discretionary. NFLX stock constitutes 3.7% of the ETF’s holdings.

Apart from NFLX, some of the top stocks in the QTOP ETF are Apple (AAPL), Microsoft (MSFT), and Nvidia (NVDA). The QTOP ETF has $90.74 billion in AUM and an expense ratio of 0.2%. Over the past six months, QTOP ETF has declined 4.6%.

Turning to Wall Street, the ETF has a Moderate Buy consensus rating. Of the 33 stocks held, 29 have Buys and four have a Hold rating. At $30.07, the average QTOP ETF price target implies a 24.47% upside potential.

Concluding Thoughts

ETFs provide indirect exposure to NFLX, reducing risk compared to investing directly in the stock. Furthermore, ETFs are a liquid and transparent way to participate in the market. Investors seeking ETF recommendations might consider MILN and QTOP, as these ETFs offer exposure to Netflix stock.

Disclosure