Weekly ETF Inflows Solid Despite 'QQQ' Outflows

Despite outflows from the tech-heavy ETF, U.S.-listed ETFs picked up a net $11.7 billion during the week.

sumit
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Senior ETF Analyst
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Reviewed by: Sumit Roy
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Edited by: Sumit Roy

U.S. stocks hit their highest levels since early June this week as money continued to flow into U.S.-listed ETFs. On net, $11.7 billion entered the ETF space, led by a $3.3 billion haul for the SPDR S&P 500 ETF Trust (SPY). On Wednesday, the S&P 500 closed above 3,200 for the first time since June 9. 

Following this week's gains, year-to-date ETF inflows edged up to $230.1 billion, well ahead of last year's $122.1 billion pace.

Evenly Split 

This week's inflows were evenly distributed. U.S. equity ETFs picked up $3.8 billion of new money; international equity ETFs gathered $2.7 billion; and U.S. fixed income ETFs received $3.4 billion during the week ending Thursday, July 16.

In addition to the aforementioned SPY, the iShares Russell 2000 ETF (IWM) and the First Trust Capital Strength ETF (FTCS) were popular among equity investors.

At the same time, the Vanguard Total Bond Market ETF (BND), the iShares Core U.S. Aggregate Bond ETF (AGG) and the iShares iBoxx USD High Yield Corporate Bond ETF (HYG) were fixed income ETFs in favor.

Outflows From Tech 

On the outflows side, the Invesco QQQ Trust (QQQ) topped the list, with weekly redemptions totaling $2.5 billion. The tech-heavy ETF shed assets as investors took profits on high-flying technology shares.

A host of other sector ETFs, including the Utilities Select Sector SPDR Fund (XLU), the Real Estate Select Sector SPDR Fund (XLRE)  and the Materials Select Sector SPDR Fund (XLB) also saw outflows during the week.

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

 

Top 10 Creations (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
SPYSPDR S&P 500 ETF Trust3,290.15287,591.631.14%
IWMiShares Russell 2000 ETF2,045.1439,403.115.19%
FTCSFirst Trust Capital Strength ETF1,135.316,596.1417.21%
BNDVanguard Total Bond Market ETF725.7157,471.581.26%
VTIVanguard Total Stock Market ETF697.86150,433.890.46%
AGGiShares Core U.S. Aggregate Bond ETF639.8077,454.820.83%
XLFFinancial Select Sector SPDR Fund597.1717,937.833.33%
VXUSVanguard Total International Stock ETF554.7922,352.342.48%
DIASPDR Dow Jones Industrial Average ETF Trust454.0322,754.742.00%
HYGiShares iBoxx USD High Yield Corporate Bond ETF428.6427,982.951.53%

 

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
QQQInvesco QQQ Trust-2,520.26121,719.06-2.07%
XLUUtilities Select Sector SPDR Fund-601.1610,957.50-5.49%
MDYGSPDR S&P 400 Mid Cap Growth ETF-516.811,481.17-34.89%
SHViShares Short Treasury Bond ETF-487.2122,002.09-2.21%
XLREReal Estate Select Sector SPDR Fund-449.143,341.08-13.44%
XLBMaterials Select Sector SPDR Fund-422.823,192.37-13.24%
XLVHealth Care Select Sector SPDR Fund-371.4623,676.35-1.57%
LQDiShares iBoxx USD Investment Grade Corporate Bond ETF-352.7656,535.41-0.62%
VOOVanguard S&P 500 ETF-301.99153,699.06-0.20%
IGViShares Expanded Tech-Software Sector ETF-273.704,653.77-5.88%

 

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity3,789.152,533,777.350.15%
International Equity2,740.30827,818.530.33%
U.S. Fixed Income3,418.30891,939.890.38%
International Fixed Income582.8294,982.550.61%
Commodities ETFs938.28129,106.730.73%
Currency-36.391,502.31-2.42%
Leveraged-320.8435,738.36-0.90%
Inverse526.8115,337.863.43%
Asset Allocation29.8610,185.980.29%
Alternatives80.424,645.571.73%
Total:11,748.714,545,035.140.26%

 

Asset Classes (Year-to-Date)

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity72,354.422,533,777.352.86%
International Equity-6,467.20827,818.53-0.78%
U.S. Fixed Income106,381.67891,939.8911.93%
International Fixed Income6,262.9694,982.556.59%
Commodities ETFs35,796.11129,106.7327.73%
Currency177.341,502.3111.80%
Leveraged3,404.0435,738.369.52%
Inverse12,824.2315,337.8683.61%
Asset Allocation410.8810,185.984.03%
Alternatives-1,001.854,645.57-21.57%
Total:230,142.604,545,035.145.06%

 

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

TickerNameWeekly PerformanceWeekly VolumeAUM ($, mm)
MLPCC-Tracks Miller/Howard MLP Fundamental ETN13.86%11,39748.86
PSCMInvesco S&P SmallCap Materials ETF9.55%3,4208.16
XESSPDR S&P Oil & Gas Equipment & Services ETF8.54%1,071,96799.60
RNSCFirst Trust Small Cap U.S. Equity Select ETF7.98%2,0487.34
IEZiShares U.S. Oil Equipment & Services ETF7.53%1,032,107127.77
EWSCInvesco S&P SmallCap 600 Equal Weight ETF7.30%13,55223.74
OIHVanEck Vectors Oil Services ETF7.26%2,960,478505.08
BJKVanEck Vectors Gaming ETF7.00%172,50949.83
MORTVanEck Vectors Mortgage REIT Income ETF6.92%507,448170.75
PXIInvesco DWA Energy Momentum ETF6.81%130,84231.96

 

Top 10 YTD Performers

TickerNameYTD PerformanceWeekly PerformanceAUM ($, mm)
VXXiPath Series B S&P 500 VIX Short Term Futures ETN110.05%0.34%856.88
VIXYProShares VIX Short-Term Futures ETF109.25%0.30%242.10
XVZiPath S&P 500 Dynamic VIX ETN98.67%2.81%7.78
VIXMProShares VIX Mid-Term Futures ETF89.90%1.87%67.59
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN89.63%1.77%30.85
ARKGARK Genomic Revolution ETF67.21%3.33%1,638.27
ARKWARK Next Generation Internet ETF62.65%-2.76%1,797.12
CLIXProShares Long Online/Short Stores ETF61.02%-4.94%211.20
ARKKARK Innovation ETF59.36%0.05%5,937.03
ONLNProShares Online Retail ETF55.76%-3.45%219.79

 

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.