Weekly Flows Totaled $61B Last Week

Flows were strong as stocks hit record highs.

Sumit Roy

Senior ETF Analyst

Sep 25, 2024

Reviewed by: etf.com Staff

Edited by: James Rubin

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Investors piled into U.S.-listed exchange-traded funds last week as the Fed cut rates and stocks hit record highs.

On net, over $61 billion flowed into U.S.-listed exchange-traded funds during the week ending Friday, Sept. 20. Of that, almost $50 billion went into U.S. equity ETFs.

The Fed surprised many investors with a 50 basis point rate cut last week, bolstering hopes that the U.S. economy could see a soft landing.

The S&P 500 surged to record highs, surpassing its previous peak from July.

The Vanguard 500 Index Fund (VOO) and the SPDR S&P 500 ETF Trust (SPY) were two of the most popular ETFs last week, with inflows of $8.8 billion and $4.1 billion, respectively.

Sandwiched between them was the Pacer U.S. Cash Cows 100 ETF (COWZ), which picked up $4.3 billion of new money.

On the flip side, the Financial Select Sector SPDR Fund (XLF) and the iShares 20+ Year Treasury Bond ETF (TLT) were the two ETFs with the largest outflows.

Some investors may have speculated that lower rates could hurt the profitability of financial services companies, while others might believe that the Fed's rate cuts are already priced into bond markets.

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<
VOO	Vanguard 500 Index Fund	8,849.86	528,008.25	1.68
COWZ	Pacer U.S. Cash Cows 100 ETF	4,325.56	29,464.04	14.68
SPY	SPDR S&P 500 ETF Trust	4,122.43	568,931.06	0.72
VTI	Vanguard Total Stock Market ETF	2,724.45	440,218.85	0.62
VUG	Vanguard Growth ETF	2,617.36	141,738.12	1.85
MOAT	VanEck Morningstar Wide Moat ETF	2,479.09	18,380.30	13.49
VTV	Vanguard Value ETF	2,346.59	130,072.60	1.80
VXF	Vanguard Extended Market ETF	1,689.86	22,322.54	7.57
SMH	VanEck Semiconductor ETF	1,250.23	24,037.54	5.20
IVV	iShares Core S&P 500 ETF	1,217.25	529,424.71	0.23

Top 10 Redemptions (All ETFs)

Ticker	Name	Net Flows ($, mm)	AUM ($, mm)	AUM % Change
XLF	Financial Select Sector SPDR Fund	-936.88	43,025.18	-2.18
TLT	iShares 20+ Year Treasury Bond ETF	-594.20	62,298.06	-0.95
XLU	Utilities Select Sector SPDR Fund	-531.56	17,853.11	-2.98
HYG	iShares iBoxx USD High Yield Corporate Bond ETF	-515.17	15,745.68	-3.27
TLH	iShares 10-20 Year Treasury Bond ETF	-489.41	8,135.36	-6.02
SPLG	SPDR Portfolio S&P 500 ETF	-483.40	45,651.37	-1.06
DIA	SPDR Dow Jones Industrial Average ETF Trust	-400.09	34,865.39	-1.15
BIL	SPDR Bloomberg 1-3 Month T-Bill ETF	-362.20	34,470.34	-1.05
SLV	iShares Silver Trust	-328.66	14,263.33	-2.30
LQD	iShares iBoxx USD Investment Grade Corporate Bond ETF	-327.77	30,943.90	-1.06

ETF Weekly Flows By Asset Class

	Net Flows ($, mm)	AUM ($, mm)	% of AUM
Alternatives	140.25	8,690.03	1.61%
Asset Allocation	96.07	20,360.08	0.47%
Commodities	69.45	156,845.99	0.04%
Currency	535.03	65,292.11	0.82%
International Equity	5,356.85	1,585,110.25	0.34%
International Fixed Income	2,003.50	222,032.71	0.90%
Inverse	907.17	13,053.23	6.95%
Leveraged	202.18	112,375.05	0.18%
U.S. Equity	49,157.11	6,211,256.08	0.79%
U.S. Fixed Income	2,551.77	1,555,575.15	0.16%
Total:	61,019.37	9,950,590.68	0.61%

Top 10 Volume Surprises, Funds >$50 mm AUM

Ticker	Name	Average Volume (30 Day)	1 Week Average Volume	% of Average
ESGA	American Century Sustainable Equity ETF	25,235	567,923.00	2,250.55%%
QINT	American Century Quality Diversified International ETF	25,124	493,302.00	1,963.47%%
GFEB	FT Vest U.S. Equity Moderate Buffer ETF - February	62,503	1,122,510.00	1,795.92%%
YSEP	FT Vest International Equity Buffer ETF - September	7,300	129,980.00	1,780.45%%
RSSL	Global X Russell 2000 ETF	39,592	652,797.00	1,648.80%%
DSEP	FT Vest U.S. Equity Deep Buffer ETF - September	22,335	358,133.00	1,603.44%%
IBD	Inspire Corporate Bond ETF	92,859	1,313,544.00	1,414.56%%
VOTE	TCW Transform 500 ETF	41,063	562,052.00	1,368.75%%
FLV	American Century Focused Large Cap Value ETF	7,513	97,303.00	1,295.07%%
IBMR	iShares iBonds Dec 2029 Term Muni Bond ETF	46,196	566,334.00	1,225.94%%

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

Ticker	Name	Weekly Performance	Weekly Volume	AUM ($, mm)
AETH	Bitwise Ethereum Strategy ETF	11.84%	22,903	8.74
EETH	ProShares Ether Strategy ETF	11.80%	382,192	66.26
ARKZ	ARK 21Shares Active Ethereum Futures Strategy ETF	11.79%	31,809	7.39
CANE	Teucrium Sugar Fund	11.62%	533,404	12.63
BETE	ProShares Bitcoin & Ether Equal Weight Strategy ETF	10.17%	4,619	6.39
BTOP	Bitwise Bitcoin and Ether Equal Weight Strategy ETF	9.85%	5,403	8.15
SURI	Simplify Propel Opportunities ETF	9.82%	43,467	106.70
BTF	Valkyrie Bitcoin and Ether Strategy ETF	9.32%	122,534	39.50
ARKY	ARK 21Shares Active Bitcoin Ethereum Strategy ETF	9.24%	5,114	3.84
BETH	ProShares Bitcoin & Ether Market Cap Weight Strategy ETF	9.17%	9,628	8.68

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.

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