Stock ETF Buying Spree Continued Last Week

Investors added $12.5 billion to U.S.-listed exchange-traded funds last week.

sumit
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Senior ETF Analyst
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Reviewed by: Lisa Barr
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Edited by: Lisa Barr

A down week in the markets didn’t stop investors from continuing their stock exchange-traded fund buying spree. Investors put $11.5 billion into U.S. equity ETFs last week, adding to a streak of strong inflows for U.S. stock funds.  

Investors were unfazed by a minor 1.2% pullback in the S&P 500 and a brief foray into 16-year high territory for the two-year Treasury note yield.  

On Thursday of last week, the two-year’s yield briefly touched 5.11%, a level it hadn’t seen since 2007. 

Worries that the Fed might resume its rate hikes when it meets later this month caused some consternation among investors. 

But those concerns didn’t register in the ETF flows. U.S. fixed income ETFs pulled in around half a billion dollars of fresh cash during the week ending Friday, July 7.  

In aggregate, U.S.-listed ETFs gathered $12.5 billion of new money last week, bringing year-to-date net inflows up to $229.6 billion. For comparison, year-to-date inflows were $311.1 billion at this same time a year ago. 

Investors Buy Into ‘OMFL’ 

Topping the inflows list for last week are two familiar funds—the iShares Core S&P 500 ETF (IVV) and the Invesco QQQ Trust (QQQ)

The Invesco Russell 1000 Dynamic Multifactor ETF (OMFL) is a more unusual name to make the list. It’s an ETF that selects stocks based on a combination of “five investment factors, which are weighted based on current macroeconomic conditions.” 
 
Last week, the ETF had inflows of $1.5 billion, bringing its year-to-date haul to $3.3 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
IVViShares Core S&P 500 ETF3,048.99334,450.390.91%
QQQInvesco QQQ Trust2,556.16201,520.551.27%
OMFLInvesco Russell 1000 Dynamic Multifactor ETF1,471.735,760.6425.55%
RSPInvesco S&P 500 Equal Weight ETF683.7239,522.081.73%
VTIVanguard Total Stock Market ETF656.68308,078.610.21%
SOXXiShares Semiconductor ETF443.239,070.894.89%
TLTiShares 20+ Year Treasury Bond ETF433.1138,925.401.11%
XLCCommunication Services Select Sector SPDR Fund401.2213,521.152.97%
IWMiShares Russell 2000 ETF400.9553,584.970.75%
BNDVanguard Total Bond Market ETF396.5593,324.690.42%


 

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
SPYSPDR S&P 500 ETF Trust-1,803.96417,353.99-0.43%
HYGiShares iBoxx USD High Yield Corporate Bond ETF-1,309.8813,036.96-10.05%
LQDiShares iBoxx USD Investment Grade Corporate Bond ETF-726.7335,477.17-2.05%
VGTVanguard Information Technology ETF-476.7652,425.92-0.91%
GLDSPDR Gold Trust-410.2356,146.47-0.73%
EWTiShares MSCI Taiwan ETF-325.943,811.65-8.55%
DIASPDR Dow Jones Industrial Average ETF Trust-274.5728,831.32-0.95%
TQQQProShares UltraPro QQQ-260.5518,491.03-1.41%
XBISPDR S&P Biotech ETF-219.696,167.69-3.56%
SPXLDirexion Daily S&P 500 Bull 3X Shares-217.102,863.70-7.58%


 

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity11,475.214,354,571.280.26%
International Equity523.651,264,494.790.04%
U.S. Fixed Income546.811,240,343.290.04%
International Fixed Income765.24150,652.290.51%
Commodities-804.46129,688.29-0.62%
Currency43.772,958.531.48%
Leveraged-320.7968,981.04-0.47%
Inverse316.9620,532.601.54%
Asset Allocation-26.4615,623.19-0.17%
Alternatives-49.486,998.50-0.71%
Total:12,470.457,254,843.800.17%


 

Asset Classes (Year-to-Date)

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity77,186.174,354,571.281.77%
International Equity49,439.831,264,494.793.91%
U.S. Fixed Income89,569.511,240,343.297.22%
International Fixed Income11,824.34150,652.297.85%
Commodities-2,471.79129,688.29-1.91%
Currency-1,089.482,958.53-36.83%
Leveraged1,363.0868,981.041.98%
Inverse6,274.4820,532.6030.56%
Asset Allocation-2,424.5915,623.19-15.52%
Alternatives-26.046,998.50-0.37%
Total:229,645.527,254,843.803.17%


 

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.