In the technology space, social media stocks are leading the charge, with a sector-related exchange traded fund pushing on to a new 52-week high.

The Global X Social Media Index ETF (SOCL) was up 1.4% Friday, hovering around its highest level since March 2014. SOCL has increased 6.5% over the past month and is up 14.9% year-to-date.

Supporting the gains in the broad social media ETF, Tencent (TCEHY), which makes up 12.7% of SOCL’s underlying portfolio, has surged, along with the broader Chinese equities markets.

Facebook (FB), which is 9.7% of SOCL, recently revealed large gains. While the company announced a 42% increase in revenue, a rising U.S. dollar diminished profits, and total costs rose 83% year-over-year on aggressive investment spending, reports Jessica Guynn for USA Today. [Social Media ETF Rebounds After Facebook Upgrade]

“We believe that investors who own the stock believe there is much unrealized potential not yet reflected in consensus estimates, and will continue to believe so,” Sanford C. Bernstein analyst Carlos Kirjner said in the article.

On Thursday, Google (GOOG), which is 4.5% of SOCL, disclosed a lower-than-expected earnings for the first quarter, but company shares still jumped in after-hour trading. The slightly lowered earnings results were largely attributed to currency risks, so revenue growth was still a healthy 17% year-over-year, excluding the impact of foreign exchange, reports Everett Rosenfeld for CNBC.

Looking ahead, LinkdedIn (LNKD), which is 11.9% of SOCL, is expected to report earnings on Thursday, April 30 after the bell. Analysts remain bullish on LinkedIn as the company expands in the emerging markets, notably China, writes Craig Bowels for Selerity Global Insight.

Additionally, Twitter (TWTR), which is 4.5% of Twitter, will announce Q1 results on Tuesday, April 28. Goldman Sachs anticipates a “strong” quarter for the social media provider, pointing to the 304 million monthly active users and increasing user base, which could point to continued growth ahead, reports Mark Meadows for Benzinga.

Global X Social Media Index ETF

For more information on the social media industry, visit our social media category.

Max Chen contributed to this article.

The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.