SPY, VOO Led Outflows, IVV Topped Inflows Last Week

SPY, VOO Led Outflows, IVV Topped Inflows Last Week

Outflows led inflows last week as billions fled VOO and SPY.

RonDay
|
Managing Editor
|
Reviewed by: etf.com Staff
,
Edited by: James Rubin

Two of the world's largest index-tracking funds led outflows last week, a period in which stocks gained and investors still pulled more money from ETFs then went in.

The SPDR S&P 500 Trust (SPY), the world's largest exchange-traded fund, had outflows of $7.48 billion. The Vanguard 500 Index fund (VOO), Vanguard Group’s largest ETF and the world’s third-largest, lost $7.47 billion.

BlackRock Inc.’s largest exchange-traded fund, the $471 billion iShares Core S&P 500 ETF (IVV) led inflows last week, thanks to a massive, $12.2 billion slug of cash that hit the fund June 13.

Among the 10 biggest inflows and outflows, more money was pulled from ETFs than came in, according to etf.com data. About $22.4 billion came out while $20.4 billion came in.  

IVV, the world’s second-largest ETF, pulled in a net $11.1 billion last week, which reflects outflows early in the week, according to etf.com data published below. The No. 2 recipient of investor cash was the Invesco QQQ Trust (QQQ), which hauled in $2.31 billion.

Those funds are both weighted, meaning stocks are selected based upon the firms’ market capitalizations.  

On a percentage basis, the biggest inflows among the top 10 went to the iShares Russell Top 200 Growth ETF (IWY), which pulled in $1.05 billion, or 8.8%. The biggest outflow hit was to the Invesco S&P Midcap Momentum ETF (XMMO) which shed $684.1 million or 32%. The iShares Global Energy ETF (IXC), lost $744.6 million, or 32%. 

Top 10 Creations (All ETFs)

TickerNameNet Flows ($, mm)AUM ($, mm)AUM % Change<
IVViShares Core S&P 500 ETF11,099.48473,440.032.34
QQQInvesco QQQ Trust2,307.30285,476.620.81
IEFAiShares Core MSCI EAFE ETF1,859.22117,252.561.59
EFGiShares MSCI EAFE Growth ETF1,083.8614,649.677.40
LQDiShares iBoxx USD Investment Grade Corporate Bond ETF1,056.3029,433.693.59
IWYiShares Russell Top 200 Growth ETF1,050.3011,911.148.82
EFAiShares MSCI EAFE ETF852.1153,541.831.59
IVWiShares S&P 500 Growth ETF776.7052,326.021.48
TLTiShares 20+ Year Treasury Bond ETF691.2451,189.001.35
IXUSiShares Core MSCI Total International Stock ETF512.3436,713.231.40



 

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($, mm)AUM ($, mm)AUM % Change
SPYSPDR S&P 500 ETF Trust-7,475.54534,897.39-1.40
VOOVanguard 500 Index Fund-7,465.76473,228.51-1.58
EFViShares MSCI EAFE Value ETF-1,498.1014,899.52-10.05
DIASPDR Dow Jones Industrial Average ETF Trust-1,085.9531,152.44-3.49
RSPInvesco S&P 500 Equal Weight ETF-1,003.3754,082.21-1.86
SPYDSPDR Portfolio S&P 500 High Dividend ETF-897.975,921.37-15.16
SOXLDirexion Daily Semiconductor Bull 3X Shares-795.5911,808.20-6.74
GLDSPDR Gold Trust-747.8961,306.94-1.22
IXCiShares Global Energy ETF-744.622,348.91-31.70
XMMOInvesco S&P Midcap Momentum ETF-684.092,150.50-31.81



 

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
Alternatives62.927,789.070.81%
Asset Allocation67.0318,353.830.37%
Commodities-895.51140,564.35-0.64%
Currency-280.0462,886.51-0.45%
International Equity5,046.161,500,006.500.34%
International Fixed Income1,164.69204,303.130.57%
Inverse254.7013,478.311.89%
Leveraged-1,393.38104,812.09-1.33%
U.S. Equity1,250.285,678,574.120.02%
U.S. Fixed Income5,163.651,416,918.240.36%
Total:10,440.499,147,686.150.11%



 

Asset Classes (Year-to-Date)

 Net Flows ($, mm)AUM ($, mm)% of AUM
Alternatives944.307,728.5512.22%
Asset Allocation425.1217,901.462.37%
Commodities-4,714.06144,213.63-3.27%
Currency14,099.1063,250.9622.29%
International Equity43,446.131,498,849.202.90%
International Fixed Income24,355.81199,200.7712.23%
Inverse115.8413,655.750.85%
Leveraged-3,252.5697,263.17-3.34%
U.S. Equity180,221.125,530,472.853.26%
U.S. Fixed Income69,021.701,386,042.344.98%
Total:324,662.508,958,578.693.62%



 

Top 10 Volume Surprises, Funds >$50 mm AUM

TickerNameAverage Volume
(30 Day)
1 Week Average
Volume
% of Average
IGEBiShares Investment Grade Systematic Bond ETF559,48911,415,063.002,040.27%%
JUNWAllianzIM U.S. Large Cap Buffer20 Jun ETF299,1336,058,709.002,025.42%%
FEBWAllianzIM U.S. Large Cap Buffer20 Feb ETF156,7273,138,343.002,002.42%%
JANWAllianzIM U.S. Large Cap Buffer20 Jan ETF276,9465,017,070.001,811.57%%
EFGiShares MSCI EAFE Growth ETF1,180,18721,337,554.001,807.98%%
PMARInnovator U.S. Equity Power Buffer ETF - March121,2011,989,192.001,641.23%%
IXCiShares Global Energy ETF1,218,28419,539,843.001,603.88%%
JANTAllianzIM U.S. Large Cap Buffer10 Jan ETF103,1811,585,025.001,536.16%%
HEFAiShares Currency Hedged MSCI EAFE ETF1,741,43823,744,778.001,363.52%%
DYNFBlackRock U.S. Equity Factor Rotation ETF1,395,29417,668,005.001,266.26%%



 

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.

Ron Day is Managing Editor at etf.com. He joined the company in October 2022 and previously served as editor and deputy managing editor.

Ron covered business and financial news at Bloomberg News for 20 years, working on the breaking news, technology, commodities, headlines and First Word teams. He was previously senior editor at ESG news outlet Karma Impact and filled the same role at Boundless Impact. He also covered a variety of beats at New Jersey daily papers including the Daily Record in Parsippany, the North Jersey Herald & News and the Asbury Park Press. Ron's freelance work has been published in AARP.com, Investopedia.com and BigThink.com.

Ron is an advocate and fan of literacy. He hopes to one day master his Telecaster, rather than the other way around. His wonderful family includes a 10-lb. malti-poo named Emmy.