SPY Gains $2.1B as the Market Goes Green for the Year
- SPY and other large-cap ETFs led inflows as markets rebounded on Tuesday.
- Semiconductor ETFs saw action amid the Nvidia stock rally.
The SPDR S&P 500 ETF Trust (SPY) pulled in $2.1 billion, increasing its assets under management to $598.8 billion, according to data provided by FactSet. This inflow came as the S&P 500 rose 0.7% on Tuesday, wiping out its year-to-date losses.
The Vanguard S&P 500 ETF (VOO) attracted $1.3 billion while the FT Vest U.S. Equity Buffer Fund - May (FMAY) added $768.8 million. The iShares Semiconductor ETF (SOXX) gained $353.6 million as Nvidia Corp. (NVDA) jumped 5.6% on news it would send 18,000 AI chips to Saudi Arabia, lifting other chip stocks like Broadcom Inc. (AVGO) and Advanced Micro Devices Inc. (AMD).
On the outflow side, the Vanguard Long-Term Corporate Bond ETF (VCLT) saw redemptions of $935.9 million. The Direxion Daily Semiconductor Bull 3x Shares (SOXL) experienced outflows of $409.7 million, while the iShares Russell 1000 Value ETF (IWD) lost $406.3 million.
U.S. equity led asset classes with inflows of $5.9 billion as the Nasdaq climbed 1.6%, while commodities ETFs experienced outflows of $445.6 million. Overall, ETFs gained $6.6 billion in net inflows as markets built on Monday's momentum following easing U.S.-China trade tensions and softer-than-expected inflation data that showed CPI increased 2.3% year over year in April.
Top 10 Creations (All ETFs)
| Ticker | Name | Net Flows ($, mm) | AUM ($, mm) | AUM % Change |
| SPY | SPDR S&P 500 ETF Trust | 2,127.18 | 598,833.68 | 0.36% |
| VOO | Vanguard S&P 500 ETF | 1,249.68 | 643,362.09 | 0.19% |
| FMAY | FT Vest U.S. Equity Buffer Fund - May | 768.76 | 1,623.47 | 47.35% |
| TLT | iShares 20+ Year Treasury Bond ETF | 560.21 | 47,299.35 | 1.18% |
| IVV | iShares Core S&P 500 ETF | 409.90 | 582,621.08 | 0.07% |
| SOXX | iShares Semiconductor ETF | 353.61 | 12,397.25 | 2.85% |
| SOXS | Direxion Daily Semiconductor Bear 3x Shares | 341.25 | 1,057.40 | 32.27% |
| USHY | iShares Broad USD High Yield Corporate Bond ETF | 314.57 | 22,066.12 | 1.43% |
| XLV | Health Care Select Sector SPDR Fund | 285.44 | 35,702.28 | 0.80% |
| IWM | iShares Russell 2000 ETF | 280.42 | 63,064.21 | 0.44% |
Top 10 Redemptions (All ETFs)
| Ticker | Name | Net Flows ($, mm) | AUM ($, mm) | AUM % Change |
| VCLT | Vanguard Long-Term Corporate Bond ETF | -935.94 | 10,659.91 | -8.78% |
| SOXL | Direxion Daily Semiconductor Bull 3x Shares | -409.72 | 11,803.69 | -3.47% |
| IWD | iShares Russell 1000 Value ETF | -406.33 | 61,507.20 | -0.66% |
| SGOV | iShares 0-3 Month Treasury Bond ETF | -346.66 | 46,492.71 | -0.75% |
| GLD | SPDR Gold Shares | -268.41 | 97,403.55 | -0.28% |
| VTEB | Vanguard Tax-Exempt Bond ETF | -207.95 | 35,566.76 | -0.58% |
| HYG | iShares iBoxx $ High Yield Corporate Bond ETF | -205.62 | 14,796.88 | -1.39% |
| IJR | iShares Core S&P Small Cap ETF | -204.23 | 78,671.64 | -0.26% |
| GMAY | FT Vest U.S. Equity Moderate Buffer ETF - May | -198.73 | 221.23 | -89.83% |
| IWF | iShares Russell 1000 Growth ETF | -195.41 | 103,783.81 | -0.19% |
ETF Daily Flows By Asset Class
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| Alternatives | 3.67 | 9,800.47 | 0.04% |
| Asset Allocation | -8.75 | 24,282.15 | -0.04% |
| Commodities ETFs | -445.55 | 207,482.39 | -0.21% |
| Currency | 7.99 | 134,670.81 | 0.01% |
| International Equity | 849.66 | 1,738,980.08 | 0.05% |
| International Fixed Income | 444.40 | 283,358.81 | 0.16% |
| Inverse | 417.82 | 15,454.67 | 2.70% |
| Leveraged | -163.77 | 119,024.15 | -0.14% |
| US Equity | 5,880.74 | 6,685,175.67 | 0.09% |
| US Fixed Income | -361.59 | 1,643,702.52 | -0.02% |
| Total: | 6,624.62 | 10,861,931.73 | 0.06% |
Disclaimer: All data as of 6 a.m. Eastern time the date the article is published. Data are believed to be accurate; however, transient market data are often subject to subsequent revision and correction by the exchanges.
