QQQ Tops Weekly ETF Flows List as Stocks Surge

Sumit Roy

Senior ETF Analyst

Aug 27, 2024

Reviewed by: etf.com Staff

Edited by: James Rubin

View Bio

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.

Sumit Roy

| Contact: [email protected]

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.

View Bio Follow Author