Netflix: No Love From ETFs (NFLX, FDN, SKYY)

Say what you want about Netflix (Nasdaq:

), but the company sure gets a lot of press. Sometimes it's good, sometimes it's bad. The bottom line is for a company with a $6.2 billion market cap, Netflix is quite popular. Netflix is a lot of things. Cutting-edge tech company to some. A mid-cap growth story that still has legs to others. The list goes on. What Netflix is NOT, contrary to what some

is a big deal among ETFs. It's not and

. Only the First Trust ISE Cloud Computing Index Fund (Nasdaq:

) and the First Trust Dow Jones Internet Index Fund (NYSE:

) hold somewhat noteworthy allocations to Netflix and COMBINED these two ETFs offer just 10% exposure to the stock, we reported. That's what we said a couple of weeks ago. Add to the list of "Netflix ETFs" the PowerShares Nasdaq Internet Portfolio (Nasdaq:

), an ETF that doesn't even trade 20,000 shares per day. Netflix accounts for a staggering 4.33% of that ETF's weight, according to Barron's. With a market cap of just over $6 billion, Netflix would make for an ideal candidate to be more than a bit player in any number of mid-cap ETFs. The SPDR S&P 400 Mid Cap Growth ETF (NYSE: MDYG) would appear to be a logical home for Netflix, but even with over 230 stocks, MDYG has no room for Netflix, at least not at the moment. The SPDR Dow Jones Mid Cap ETF (NYSE:

) is home to almost 500 stocks. No Netflix. The iShares S&P MidCap 400 Growth Index Fund (NYSE:

) has no Netflix. The iShares Morningstar Mid Growth Index Fund (NYSE:

) allocates a whopping 0.66% to Netflix. Said differently, Henry Schein (Nasdaq:

) is more important to JKH than Netflix is. And the one ETF where Netflix is sort of a big dea, the First Trust ISE Cloud Computing Index Fund, shares no intimate correlation with the stock at all. Here's a brief list of lower market cap stocks that are arguably just as important, if not more important, among ETFs than Netflix is: Alpha Natural Resources (NYSE:

), Couer D'Alene Mines (NYSE:

), Carbo Ceramics (NYSE:

) and Dendreon (Nasdaq:

). That's just a small list. Some ETFs are excellent ways to get exposure to one or two individual stocks. We've explored

with ETFs and Apple (Nasdaq:

). The Energy Select Sector SPDR (NYSE:

) is a fine replacement for Exxon Mobil (NYSE:

) and Chevron (NYSE:

). The iShares MSCI Brazil Index Fund (NYSE:

) offers plenty of exposure to Petrobras (NYSE:

) and Vale (NYSE:

). Again, just a couple of examples that underscore the reality that Netflix, while a popular stock, is not important in the ETF world. No, ETFs do not "love" Netflix.