QQQ Tops Weekly ETF Flows List as Stocks Surge
IVV and IWM also had strong inflows.
More than $22 billion flowed into U.S.-listed exchange-traded funds last week as stocks approached record highs.
Year-to-date net inflows for all ETFs now stand at $521.3 billion as of Aug. 23.
The Invesco QQQ Trust (QQQ) topped the flows charts last week, pulling in $4.5 billion.
The Nasdaq 100 climbed to within 5% of its all-time highs last week, recovering from a sell-off that took the tech-heavy ETF down by more than 13%.
Meanwhile, the iShares Core S&P 500 ETF (IVV) took the No. 3 spot on the weekly inflows list, with a haul just short of $1 billion.
The S&P 500 got within half a percent of its record high on Friday.
Small Cap Surge
Sandwiched between QQQ and IVV on the weekly flows list was the iShares Russell 2000 ETF (IWM), which had inflows of $1.4 billion.
The small cap ETF surged 3% on Friday after Fed Chair Jerome Powell strongly suggested that the U.S. central bank would begin cutting interest rates in September.
Investors reasoned that small cap stocks would benefit disproportionately compared to large cap stocks from lower rates.
That same narrative sparked a rotation from big to small stocks several weeks ago, but the outperformance in small caps didn’t stick.
Perhaps it will this time around.
For a full list of last week’s top inflows and outflows, see the tables below:
Top 10 Creations (All ETFs)
| Ticker | Name | Net Flows ($, mm) | AUM ($, mm) | AUM % Change< |
| QQQ | Invesco QQQ Trust | 4,458.11 | 291,820.57 | 1.53 |
| IWM | iShares Russell 2000 ETF | 1,434.18 | 70,474.09 | 2.04 |
| IVV | iShares Core S&P 500 ETF | 986.99 | 519,666.93 | 0.19 |
| SPMO | Invesco S&P 500 Momentum ETF | 898.64 | 2,330.86 | 38.55 |
| TLT | iShares 20+ Year Treasury Bond ETF | 873.80 | 62,556.96 | 1.40 |
| VOO | Vanguard 500 Index Fund | 777.57 | 506,546.36 | 0.15 |
| AGG | iShares Core U.S. Aggregate Bond ETF | 632.98 | 117,265.21 | 0.54 |
| VCIT | Vanguard Intermediate-Term Corporate Bond ETF | 596.64 | 50,447.43 | 1.18 |
| HYG | iShares iBoxx USD High Yield Corporate Bond ETF | 529.87 | 16,746.64 | 3.16 |
| VNQ | Vanguard Real Estate ETF | 498.72 | 36,890.89 | 1.35 |
Top 10 Redemptions (All ETFs)
| Ticker | Name | Net Flows ($, mm) | AUM ($, mm) | AUM % Change |
| SPY | SPDR S&P 500 ETF Trust | -1,657.59 | 566,997.22 | -0.29 |
| DIA | SPDR Dow Jones Industrial Average ETF Trust | -533.39 | 34,950.78 | -1.53 |
| SPYV | SPDR Portfolio S&P 500 Value ETF | -512.77 | 23,161.62 | -2.21 |
| SOXL | Direxion Daily Semiconductor Bull 3X Shares | -464.24 | 12,616.21 | -3.68 |
| XLE | Energy Select Sector SPDR Fund | -415.51 | 37,064.91 | -1.12 |
| XLI | Industrial Select Sector SPDR Fund | -356.10 | 19,670.00 | -1.81 |
| TQQQ | ProShares UltraPro QQQ | -305.72 | 22,757.24 | -1.34 |
| QYLD | Global X NASDAQ 100 Covered Call ETF | -299.60 | 8,011.69 | -3.74 |
| KWEB | KraneShares CSI China Internet ETF | -282.81 | 4,350.67 | -6.50 |
| SHY | iShares 1-3 Year Treasury Bond ETF | -231.29 | 24,095.24 | -0.96 |
ETF Weekly Flows By Asset Class
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| Alternatives | 490.18 | 8,667.71 | 5.66% |
| Asset Allocation | 73.53 | 19,710.26 | 0.37% |
| Commodities | 462.22 | 151,801.60 | 0.30% |
| Currency | 576.51 | 67,226.30 | 0.86% |
| International Equity | 1,541.71 | 1,567,077.95 | 0.10% |
| International Fixed Income | 1,557.98 | 213,605.01 | 0.73% |
| Inverse | 174.24 | 12,763.32 | 1.37% |
| Leveraged | -328.65 | 110,327.90 | -0.30% |
| U.S. Equity | 10,349.96 | 6,074,012.35 | 0.17% |
| U.S. Fixed Income | 7,585.31 | 1,522,360.20 | 0.50% |
| Total: | 22,483.00 | 9,747,552.60 | 0.23% |
Asset Classes (Year-to-Date)
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| Alternatives | 1,400.79 | 8,177.03 | 17.13% |
| Asset Allocation | 1,026.60 | 18,924.87 | 5.42% |
| Commodities | -2,275.25 | 145,175.54 | -1.57% |
| Currency | 6,161.26 | 71,502.03 | 8.62% |
| International Equity | 56,133.83 | 1,510,227.15 | 3.72% |
| International Fixed Income | 35,247.62 | 206,592.95 | 17.06% |
| Inverse | 682.56 | 12,874.18 | 5.30% |
| Leveraged | 2,255.00 | 100,038.72 | 2.25% |
| U.S. Equity | 298,381.21 | 5,867,258.92 | 5.09% |
| U.S. Fixed Income | 122,324.37 | 1,472,961.97 | 8.30% |
| Total: | 521,337.99 | 9,413,733.36 | 5.54% |
Top 10 Volume Surprises, Funds >$50 mm AUM
| Ticker | Name | Average Volume (30 Day) | 1 Week Average Volume | % of Average |
| QMMY | FT Vest Nasdaq-100 Moderate Buffer ETF - May | 135,027 | 2,772,232.00 | 2,053.09%% |
| TFJL | Innovator 20+ Year Treasury Bond 5 Floor ETF - Quarterly | 55,834 | 940,049.00 | 1,683.64%% |
| PKB | Invesco Building & Construction ETF | 46,378 | 660,676.00 | 1,424.54%% |
| PXJ | Invesco Oil & Gas Services ETF | 43,908 | 470,988.00 | 1,072.67%% |
| PRN | Invesco Dorsey Wright Industrials Momentum ETF | 8,708 | 83,682.00 | 960.98%% |
| CCMG | CCM Global Equity ETF | 38,703 | 353,600.00 | 913.63%% |
| DFIS | Dimensional International Small Cap ETF | 367,164 | 2,992,896.00 | 815.14%% |
| CGV | Conductor Global Equity Value ETF | 48,607 | 349,708.00 | 719.47%% |
| DFNL | Davis Select Financial ETF | 6,995 | 49,730.00 | 710.90%% |
| UPAR | UPAR Ultra Risk Parity ETF | 22,558 | 141,740.00 | 628.34%% |
Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded
| Ticker | Name | Weekly Performance | Weekly Volume | AUM ($, mm) |
| CRPT | First Trust SkyBridge Crypto Industry and Digital Economy ETF | 8.50% | 116,789 | 57.68 |
| MAXI | Simplify Bitcoin Strategy PLUS Income ETF | 7.35% | 65,829 | 20.74 |
| WGMI | Valkyrie Bitcoin Miners ETF | 7.26% | 2,082,799 | 125.69 |
| BITS | Global X Blockchain and Bitcoin Strategy ETF | 7.05% | 6,919 | 24.69 |
| GBTC | Grayscale Bitcoin Trust ETF | 7.04% | 19,977,437 | 14,505.12 |
| EZBC | Franklin Bitcoin ETF | 7.04% | 1,034,310 | 418.47 |
| IBIT | iShares Bitcoin Trust | 7.04% | 131,648,515 | 22,516.04 |
| IBIT | iShares Bitcoin Trust | 7.04% | 131,648,515 | 22,516.04 |
| BTCW | WisdomTree Bitcoin Fund | 7.04% | 344,381 | 227.15 |
| BITB | Bitwise Bitcoin ETF | 7.04% | 8,706,022 | 2,420.99 |
Top 10 YTD Performers
| Ticker | Name | YTD Performance | Weekly Performance | AUM ($, mm) |
| NVDY | YieldMax NVDA Option Income Strategy ETF | 95.91% | 1.23% | 1,014.29 |
| GBTC | Grayscale Bitcoin Trust ETF | 64.51% | 7.04% | 14,505.12 |
| DEFI | Hashdex Bitcoin ETF | 43.15% | 9.46 | |
| BITO | ProShares Bitcoin Strategy ETF | 43.01% | 6.98% | 1,886.59 |
| ARKA | ARK 21Shares Active Bitcoin Futures Strategy ETF | 42.36% | 6.97% | 14.73 |
| SMH | VanEck Semiconductor ETF | 42.04% | 0.18% | 23,350.52 |
| BITC | Bitwise Bitcoin Strategy Optimum Roll ETF | 41.79% | 11.82 | |
| ARKC | ARK 21Shares Active On-Chain Bitcoin Strategy ETF | 41.37% | 5.25% | 2.32 |
| GDMN | WisdomTree Efficient Gold Plus Gold Miners Strategy Fund | 40.68% | -0.71% | 8.41 |
| MAXI | Simplify Bitcoin Strategy PLUS Income ETF | 37.22% | 7.35% | 20.74 |
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.
