ETF Inflows Pause As Stocks Hit Records

The S&P 500 notched a fresh record-high close, but investors only added $375 million to U.S.-listed ETFs during the week.

sumit
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Senior ETF Analyst
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Reviewed by: Sumit Roy
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Edited by: Sumit Roy

U.S. stocks hit record highs this week, but ETF investors took a breather from adding more money into the market. On net, a modest $375 million in new money entered U.S.-listed ETFs during the week ending Thursday, April 25.

During the period, which only encompassed four trading sessions because of the Good Friday holiday, investors pulled $2.3 billion out of U.S. equity ETFs, even as the S&P 500 notched its highest-ever closing level on Tuesday.

Offsetting those outflows were inflows of $1.7 billion and $1.4 billion, respectively, for international equity ETFs and U.S. fixed income ETFs.

Year-to-date inflows for all ETFs now stand at $76.1 billion, compared with $81.5 billion at the same time last year.

Impressive ‘TLT’ Haul

Taking the No. 1 position on the weekly inflows list was the iShares 20+ Year Treasury Bond ETF (TLT), with an impressive $2.1 billon haul. The 30-year Treasury bond yield slipped to the lowest level in more than two weeks, as traders anticipated the next move by the Federal Reserve would be an interest rate cut to head off overseas economic weakness.

Still, the current yield of 2.92% is above the 2.79% low set in March.

Along with TLT, the iShares 1-3 Year Treasury Bond ETF (SHY) and the iShares 7-10 Year Treasury Bond ETF (IEF) saw inflows during the week.

On the other hand, the Vanguard Short-Term Bond ETF (BSV) continued to shed assets. Its weekly outflows of $1.3 billion brought its year-to-date loss to $5.8 billion.

‘QQQ’ Tops Outflows List

Meanwhile, on the equity side, the Invesco QQQ Trust (QQQ), the iShares Core MSCI EAFE ETF (IEFA) and the iShares MSCI China ETF (MCHI) were among the biggest flows winners—while the SPDR S&P 500 ETF Trust (SPY), the iShares Russell Mid-Cap Value ETF (IWS) and the SPDR Dow Jones REIT ETF (RWR) were among the biggest losers.

For a full list of this week’s top inflows and outflows, see the tables below:

 

Top 10 Creations (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
TLTiShares 20+ Year Treasury Bond ETF2,135.7912,736.0416.77%
QQQInvesco QQQ Trust542.5176,177.340.71%
IEFAiShares Core MSCI EAFE ETF522.2963,595.560.82%
XLKTechnology Select Sector SPDR Fund436.6821,024.982.08%
XLUUtilities Select Sector SPDR Fund435.559,182.444.74%
VGTVanguard Information Technology ETF426.1621,201.212.01%
SHYiShares 1-3 Year Treasury Bond ETF419.3819,585.372.14%
MCHIiShares MSCI China ETF258.034,911.875.25%
IEFiShares 7-10 Year Treasury Bond ETF231.8813,446.061.72%
QUALiShares Edge MSCI U.S.A. Quality Factor ETF228.0311,382.762.00%

 

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
SPYSPDR S&P 500 ETF Trust-3,712.31277,838.17-1.34%
BSVVanguard Short-Term Bond ETF-1,284.0122,439.44-5.72%
TIPiShares TIPS Bond ETF-755.1620,825.32-3.63%
IWSiShares Russell Mid-Cap Value ETF-512.8911,019.00-4.65%
RWRSPDR Dow Jones REIT ETF-475.502,408.71-19.74%
IWMiShares Russell 2000 ETF-439.9943,497.12-1.01%
EMBiShares JP Morgan USD Emerging Markets Bond ETF-415.6715,457.14-2.69%
IEIiShares 3-7 Year Treasury Bond ETF-403.386,808.04-5.93%
IWNiShares Russell 2000 Value ETF-348.749,140.21-3.82%
HYGiShares iBoxx USD High Yield Corporate Bond ETF-294.3517,012.38-1.73%

 

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity-2,289.772,231,249.25-0.10%
International Equity1,672.98839,969.820.20%
U.S. Fixed Income1,351.31642,758.940.21%
International Fixed Income-221.4673,835.21-0.30%
Commodities -189.4262,075.46-0.31%
Currency0.001,479.720.00%
Leveraged234.1339,331.670.60%
Inverse-177.4211,534.81-1.54%
Asset Allocation18.849,543.090.20%
Alternatives-24.574,746.71-0.52%
Total:374.613,916,524.680.01%

 

Asset Classes (Year-to-Date)

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity23,326.312,231,249.251.05%
International Equity11,710.72839,969.821.39%
U.S. Fixed Income35,760.43642,758.945.56%
International Fixed Income6,190.5673,835.218.38%
Commodities -1,834.3062,075.46-2.95%
Currency-305.301,479.72-20.63%
Leveraged-1,753.4739,331.67-4.46%
Inverse2,744.0011,534.8123.79%
Asset Allocation-582.779,543.09-6.11%
Alternatives820.304,746.7117.28%
Total:76,076.473,916,524.681.94%

 

Top 10 Volume Surprises, Funds >$50 mm AUM

TickerNameAverage Volume
(30 Day)
1 Week Average
Volume
% of Average
GMOMCambria Global Momentum ETF35,112210,907600.67%
FXUFirst Trust Utilities AlphaDEX Fund253,1331,522,125601.31%

FXH

First Trust Health Care AlphaDEX Fund

258,991

1,291,555

498.69%

BSCQInvesco BulletShares 2026 Corporate Bond ETF43,078155,023359.87%
FIEEUBS AG FI Enhanced Europe 50 ETN1,8115,957328.97%
JPMFJPMorgan Managed Futures Strategy ETF1,5795,147325.99%
QQXTFirst Trust NASDAQ-100 Ex-Technology Sector Index Fund3,4178,837258.64%
MOOVanEck Vectors Agribusiness ETF27,48866,936243.51%
IGOViShares International Treasury Bond ETF125,179301,084240.52%
ARGTGlobal X MSCI Argentina ETF56,080130,381232.49%

 

 

Disclaimer: All data as of 6 a.m. Eastern time the date the article is published. Data is believed to be accurate; however, transient market data is often subject to subsequent revision and correction by the exchanges.

Sumit Roy is the senior ETF analyst for etf.com, where he has worked for 13 years. He creates a variety of content for the platform, including news articles, analysis pieces, videos and podcasts.

Before joining etf.com, Sumit was the managing editor and commodities analyst for Hard Assets Investor. In those roles, he was responsible for most of the operations of HAI, a website dedicated to education about commodities investing.

Though he still closely follows the commodities beat, Sumit covers a much broader assortment of topics for etf.com, with a particular focus on stock and bond exchange-traded funds.

He is the host of etf.com’s Talk ETFs, a popular video series that features weekly interviews with thought leaders in the ETF industry. Sumit is also co-host of Exchange Traded Fridays, etf.com’s weekly podcast series.

He lives in the San Francisco Bay Area, where he enjoys climbing the city’s steep hills, playing chess and snowboarding in Lake Tahoe.