ETF Outflows Totaled Nearly $10B Last Week

Most of the outflows came from U.S. stock funds.

sumit
Jun 26, 2023
Edited by: Lisa Barr
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Exchange-traded fund investors took profits on stocks last week as this year’s sizzling rally hit a bump in the road. On net, investors pulled $9.7 billion out of U.S.-listed ETFs during the week ending Friday, June 23. 

All together, $10.8 billion came out of U.S. stock funds, which was partially offset by $1.6 billion and $617 million going into international equity and U.S. fixed income ETFs, respectively. 

Year-to-date inflows for U.S.-listed ETFs now stand at $197.7 billion, which compares to $291.2 billion at the same time a year ago. 

Outflows for the week were led by the Invesco QQQ Trust (QQQ) and the iShares Russell 2000 ETF (IWM), which had redemptions of $4 billion and $2.7 billion, respectively. 

On the other hand, the iShares Russell 1000 Value ETF (IWD) and the iShares Russell Mid-Cap ETF (IWR) respectively picked up inflows of $3.9 billion and $1.6 billion. 

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

 

Top 10 Creations (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
IWDiShares Russell 1000 Value ETF3,933.9754,450.737.22%
IWRiShares Russell Mid-Cap ETF1,603.7929,404.495.45%
RSPInvesco S&P 500 Equal Weight ETF1,229.2437,340.913.29%
XLFFinancial Select Sector SPDR Fund1,019.2531,794.863.21%
VONGVanguard Russell 1000 Growth ETF723.4313,633.575.31%
VEAVanguard FTSE Developed Markets ETF709.15113,150.020.63%
VONVVanguard Russell 1000 Value ETF570.337,061.118.08%
SPYSPDR S&P 500 ETF Trust532.66406,478.060.13%
BSJPInvesco BulletShares 2025 High Yield Corporate Bond ETF492.931,076.1945.80%
LQDiShares iBoxx USD Investment Grade Corporate Bond ETF462.4336,335.171.27%


 

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
QQQInvesco QQQ Trust-4,030.39196,572.28-2.05%
IWMiShares Russell 2000 ETF-2,667.7953,698.93-4.97%
VTVVanguard Value ETF-2,149.3998,384.87-2.18%
VUGVanguard Growth ETF-1,488.2991,463.76-1.63%
MOATVanEck Morningstar Wide Moat ETF-1,462.039,433.13-15.50%
SPHQInvesco S&P 500 Quality ETF-1,443.385,292.70-27.27%
XLKTechnology Select Sector SPDR Fund-1,227.5248,956.56-2.51%
VOVanguard Mid-Cap Index Fund-1,199.3953,021.65-2.26%
VXFVanguard Extended Market ETF-1,057.0215,036.82-7.03%
SHYiShares 1-3 Year Treasury Bond ETF-974.3926,883.37-3.62%


 

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity-10,840.994,301,051.76-0.25%
International Equity1,565.311,285,295.630.12%
U.S. Fixed Income617.151,250,498.910.05%
International Fixed Income314.70150,481.980.21%
Commodities-942.10131,813.06-0.71%
Currency-38.452,993.79-1.28%
Leveraged312.3667,509.570.46%
Inverse-656.5120,690.75-3.17%
Asset Allocation5.9215,857.190.04%
Alternatives-4.727,139.93-0.07%
Total:-9,667.347,233,332.56-0.13%


 

Asset Classes (Year-to-Date)

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity48,959.284,301,051.761.14%
International Equity49,146.621,285,295.633.82%
U.S. Fixed Income86,557.791,250,498.916.92%
International Fixed Income10,438.41150,481.986.94%
Commodities-1,013.78131,813.06-0.77%
Currency-1,102.742,993.79-36.83%
Leveraged759.4367,509.571.12%
Inverse6,231.7220,690.7530.12%
Asset Allocation-2,422.5215,857.19-15.28%
Alternatives107.757,139.931.51%
Total:197,661.957,233,332.562.73%


 

Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded

TickerNameWeekly PerformanceWeekly VolumeAUM ($, mm)
MAXISimplify Bitcoin Strategy PLUS Income ETF7.81%5,51525.09
BTFValkyrie Bitcoin Strategy ETF7.65%1,037,99829.87
BITOProShares Bitcoin Strategy ETF7.54%42,983,5381,034.80
BITCBitwise Bitcoin Strategy Optimum Roll ETF7.46%7,6230.67
XBTFVanEck Bitcoin Strategy ETF7.43%66,95245.05
ATFVAlger 35 ETF7.16%14,33411.02
MLPOCredit Suisse S&P MLP Index ETN6.01%1,24029.45
WEATTeucrium Wheat Fund5.32%4,294,392194.06
BITSGlobal X Blockchain and Bitcoin Strategy ETF5.26%30,17512.88
UNGUnited States Natural Gas Fund LP4.67%48,738,2311,143.08


 

Top 10 YTD Performers

TickerNameYTD PerformanceWeekly PerformanceAUM ($, mm)
WGMIValkyrie Bitcoin Miners ETF180.09%3.90%11.85
DAPPVanEck Digital Transformation ETF136.70%3.27%39.41
BKCHGlobal X Blockchain ETF121.35% 77.76
BITQBitwise Crypto Industry Innovators ETF121.24%2.04%80.68
SATOInvesco Alerian Galaxy Crypto Economy ETF116.24%4.00%4.22
BITSGlobal X Blockchain and Bitcoin Strategy ETF99.09%5.26%12.88
IBLCiShares Blockchain and Tech ETF87.77%0.16%7.35
BITOProShares Bitcoin Strategy ETF79.57%7.54%1,034.80
XBTFVanEck Bitcoin Strategy ETF78.69%7.43%45.05
BTFValkyrie Bitcoin Strategy ETF77.20%7.65%29.87


 

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.