Weekly ETF Flows At $4.5B As Q2 Ends

Plus, agriculture ETFs outperform on lower expected harvests.

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Reviewed by: Dan Mika
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Edited by: Dan Mika

Net flows into U.S.-based ETFs came in at $4.5 billion in the week ending July 1,  U.S. equities posting its first net outflow of 2021.

ETFs have seen $472.5 billion of inflows this year, missing its last opportunity to breach a once-thought-impossible mark of $500 billion amassed within half a year. Overall, ETFs hold $6.5 trillion in assets under management.

Trades Send US Equities Negative

A likely combination of heartbeat trades and position closing before the end of the second quarter pushed U.S. equities into its first net outflow week in all of 2021.

The asset class lost $4.3 billion in the week, compared to $5.8 billion in inflows last week. Several of the Russell Index funds that saw major inflows last week were the biggest losers in the final week of the second quarter, with most of those redemptions nearly identical to last week’s gains:

The two largest funds continued to see massive inflows this week as the major indexes finished off a bullish first half of the year. The SPDR S&P 500 ETF Trust (SPY) gained $5.3 billion, followed by the Invesco QQQ Trust (QQQ), which san $2.8 billion added in the week.

Ag Funds Outperform

Seven of the 10 top-performing nonleveraged funds this week follow corn and soybean futures, which rallied earlier in the week on dual events.

An unexpected frost and cold snap hit Brazil’s corn-growing regions, threatening the crops with damage after farmers in the country were forced to plant later than usual due to an unusually hot and dry planting season for soybeans before it.

At the same time, the U.S. Department of Agriculture’s annual acreage report showed American farmers planted nearly 1 million acres of corn and 1.4 million acres of soybeans less than expected, driving futures up at the Chicago Mercantile Exchange on Wednesday.

The Teucrium Corn Fund (CORN) led all funds in performance, with an 11.3% gain, followed by the iPath Series B Bloomberg Grains Subindex Total Return ETN (JJG), with a gain of 10.25%.

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

 

Top 10 Creations (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
SPYSPDR S&P 500 ETF Trust5,298.65376,686.221.41%
QQQInvesco QQQ Trust2,827.28177,009.591.60%
DIASPDR Dow Jones Industrial Average ETF Trust877.7830,770.282.85%
VOOVanguard S&P 500 ETF871.59232,774.400.37%
VTIVanguard Total Stock Market ETF748.43252,833.710.30%
SPYGSPDR Portfolio S&P 500 Growth ETF737.6512,378.505.96%
BNDVanguard Total Bond Market ETF710.8578,830.040.90%
XLKTechnology Select Sector SPDR Fund692.7442,435.451.63%
TLTiShares 20+ Year Treasury Bond ETF617.8015,469.303.99%
IBBiShares Biotechnology ETF406.2110,839.853.75%

 

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
IWFiShares Russell 1000 Growth ETF-6,534.2969,189.03-9.44%
IWPiShares Russell Mid-Cap Growth ETF-2,415.6015,686.71-15.40%
IWNiShares Russell 2000 Value ETF-2,203.3416,690.46-13.20%
IWDiShares Russell 1000 Value ETF-1,498.4154,020.84-2.77%
VONGVanguard Russell 1000 Growth ETF-816.786,692.55-12.20%
IWRiShares Russell Mid-Cap ETF-788.3429,630.64-2.66%
MDYVSPDR S&P 400 Mid Cap Value ETF-744.021,526.57-48.74%
XLFFinancial Select Sector SPDR Fund-742.8740,751.26-1.82%
XLPConsumer Staples Select Sector SPDR Fund-598.2311,547.44-5.18%
OMFLInvesco Russell 1000 Dynamic Multifactor ETF-549.811,537.58-35.76%

 

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity-4,327.663,814,546.58-0.11%
International Equity2,598.121,284,317.120.20%
U.S. Fixed Income5,322.211,043,071.820.51%
International Fixed Income1,391.02143,157.350.97%
Commodities-157.74140,269.87-0.11%
Currency23.261,942.091.20%
Leveraged-489.4760,834.43-0.80%
Inverse86.4911,702.360.74%
Asset Allocation96.9416,347.870.59%
Alternatives-35.856,397.79-0.56%
Total:4,507.336,522,587.270.07%

 

Asset Classes (Year-to-Date)

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity220,350.383,814,546.585.78%
International Equity138,083.691,284,317.1210.75%
U.S. Fixed Income84,602.231,043,071.828.11%
International Fixed Income21,722.40143,157.3515.17%
Commodities-660.11140,269.87-0.47%
Currency55.501,942.092.86%
Leveraged209.2360,834.430.34%
Inverse3,962.6011,702.3633.86%
Asset Allocation2,080.5216,347.8712.73%
Alternatives2,097.526,397.7932.79%
Total:472,503.956,522,587.277.24%

 

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

TickerNameWeekly PerformanceWeekly VolumeAUM ($, mm)
CORNTeucrium Corn Fund11.30%2,558,911176.75
JJGiPath Series B Bloomberg Grains Subindex Total Return ETN10.25%14,34222.31
BITQBitwise Crypto Industry Innovators ETF9.03%278,72855.59
FUEELEMENTS Linked to the ICE BofAML Commodity Index eXtra Biofuels - Total Return ETN8.90%5,0941.39
GRUELEMENTS Linked to ICE BofAML Commodity index eXtra Grains - Total Return ETN8.34%26,1646.03
SOYBTeucrium Soybean Fund8.27%476,76070.78
DAPPVanEck Vectors Digital Transformation ETF7.78%115,35533.17
JJAiPath Series B Bloomberg Agriculture Subindex Total Return ETN7.49%16,44813.07
HELXFranklin Genomic Advancements ETF6.93%29,95218.11
TAGSTeucrium Agricultural Fund6.89%20,34710.09

 

Top 10 YTD Performers

TickerNameYTD PerformanceWeekly PerformanceAUM ($, mm)
BDRYBreakwave Dry Bulk Shipping ETF281.17%-2.04%114.04
ILCViShares Morningstar Value ETF132.27%-0.03%722.64
FCGFirst Trust Natural Gas ETF86.92%-1.80%305.50
PSCEInvesco S&P SmallCap Energy ETF83.08%-3.49%217.26
PXEInvesco Dynamic Energy Exploration & Production ETF82.39%-3.41%93.91
GRNiPath Series B Carbon ETN76.13%3.11%61.47
PXIInvesco DWA Energy Momentum ETF74.17%-3.44%209.92
FRAKVanEck Vectors Unconventional Oil & Gas ETF74.00%-1.97%19.29
JJTiPath Series B Bloomberg Tin Subindex Total Return ETN72.39%2.07%10.17
XOPSPDR S&P Oil & Gas Exploration & Production ETF66.61%-3.07%4,125.99

 

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.

Dan Mika is a reporter for etf.com. He has previously covered business for the Ames Tribune and Cedar Rapids Gazette in Iowa, and BizWest Media in Fort Collins, Colorado. Dan holds a bachelor's degree in journalism from Truman State University.