Five Tech ETFs Your Broker Forgot To Mention

While this isn't an outright bullish call on the sector at large, the fact is technology issues and the Nasdaq have held up well lately. In the past three months, the PowerShares QQQ QQQ is fractionally higher and the Technology Select Sector SPDR XLK is off about 3.5%. Those numbers compare to a loss of nearly 8% of the S&P 500 over the same time. Tech's ability to stand tall lately could be good news for the broader market as the group accounts for about 19% of the S&P 500's sector weight. So maybe tech is finally starting to awaken from its slumber. If that's the case, here are five somewhat obscure tech ETFs your broker probably forgot to tell you about. Remember, it's not always all about QQQ and XLK. FirstTrust Technology AlphaDEX Fund FXL: Home to nearly 90 stocks, the FirstTrust Technology AlphaDEX Fund is equal dollar-weighted and not heavy on well-known large-cap tech names. That said, you will find some big-name tech issues here and be advised that FXL devotes more than a third of its weight to semiconductor makers. The expense ratio of 0.71% is high compared to the average for tech ETFs, but someone likes this ETF as it has over $136 million in assets under management. PowerShares Dynamic Networking Portfolio PXQ: One look at the name of this ETF and it might have you thinking it's heavy on Cisco CSCO. Fortunately, Cisco doesn't even appear in this ETF. Thirty stocks, an expense ratio of 0.63% and a cheaper way of getting your hands on VMWare VMW and Qualcomm QCOM. Support looks firm at $22 and that could mean a rally back to $28-$29 is in the cards over the next several months. SPDR S&P International Technology Sector ETF IPK: For those looking to play a rebound in Japanese and South Korean equities without owning a country-specific ETF, the SPDR S&P International Technology Sector ETF might just be the way to do that. Those two countries are tech kingpins and they account for over 58% of IPK's weight. That also explains why IPK is down about 17% in the past three months. Watch to see how firm support is at $21 before getting involved. First Trust ISE Cloud Computing Index Fund SKYY: SKYY made its debut in July to plenty of fanfare as the first ETF devoted exclusively to the booming cloud computing theme. That fanfare has subsided, but SKYY has still accumulated almost $52.5 million in AUM and that's a fine haul in just three months. We like the Amazon AMZN exposure. We even like the Google GOOG exposure, but be aware that Cisco is also a top-10 SKYY holding. iShares S&P North American Technology Software Index Fund IGV: It's probably safer to be bullish on tech names and ETFs that have some kind of mobile exposure right now, but for those looking to play a bounce in software, the iShares S&P North American Technology Software Index Fund works. In fact, the ETF's chart is pretty attractive here. Continued closes in the $53-$54 area could mean IGV is setting up to tack on another 10%. Microsoft MSFT and Oracle ORCL represent over 19% of IGV's weight.