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ETFs AM Wrap-Up: Bullish Inflows into Small-Cap Funds and Continued Rotation into Tech

Apr 24, 2019

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  • Investors continued the rotation into tech stocks that we highlighted last week with the Invesco QQQ Trust (QQQ) and Technology Select Sector SPDR Fund (XLK) both top 5 ETFs in terms of 1-day fund flow, receiving inflows of $751.7 million and $202.8 million, respectively. The inflows into tech ETFs come after positive earnings reports yesterday from notable tech companies Twitter (TWTR) and Snap Inc. (SNAP). Later today, Facebook (FB) will announce their quarterly financials. For all of your up to date coverage on earnings results pre-market, you can check out our Morning Preview.
     
  • QQQ currently has a “Poor” ETF Smart Beta Score and a “Sell” AI Trading Signal according to our models. XLK currently has a “Caution” ETF Smart Beta Score and a “Sell” AI Trading Signal according to our models.
     
  • The iShares Russell 2000 ETF (IWM) and the iShares Russell 2000 Growth ETF (IWO) were 2 of the top 5 ETFs in our 3,000+ ETF coverage universe yesterday with both small-cap funds observing inflows of $442.2 million and $168.4 million, respectively. The elevated levels of fund flows support our models’ biased towards US small-cap ETFs, which we discussed earlier in the week in, “Small is BIG! Top ETF Ideas this Week: BIG Opportunity in Small-Cap ETFs!”.
     
  • IWM currently has a “Best” ETF Smart Beta Score and a “Buy” AI Trading Signal according to our models. IWO currently has a “Good” ETF Smart Beta Score and a “Sell” AI Trading Signal according to our models. 

 

Top 5 ETFs by Assets Under Management (AUM)

On Mobile/Tablet scroll to the right

Name Ticker 1-Day
Fund Flow ($)
1-Week
Fund Flow ($)
1-Month
Fund Flow ($)
3-Month
Fund Flow ($)
Assets Under
Management ($ billions)
Net
Expense Ratio (%)
SPDR S&P 500 ETF Trust SPY -$841,782,011 -$2,202,289,496 $3,946,503,683 $3,751,117,301 $279.34 0.09%
iShares Core S&P 500 ETF IVV $0 $539,848,815 $3,452,021,615 $3,358,386,865 $178.77 0.04%
Vanguard Total Stock Market ETF VTI $104,602,019 $403,801,747 $1,080,313,258 $2,394,239,087 $114.48 0.04%
Vanguard S&P 500 ETF VOO -$119,551,047 $102,221,401 $935,615,060 $5,778,061,540 $112.64 0.04%
Invesco QQQ Trust QQQ $751,732,000 $729,203,250 -$1,123,980,400 $2,403,754,350 $76.12 0.20%
 

Source: ETF Global

Top 5 ETFs by Lowest Net Expense Ratios

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Name Ticker 1-Day
Fund Flow ($)
1-Week
Fund Flow ($)
1-Month
Fund Flow ($)
3-Month
Fund Flow ($)
Assets Under
Management ($ billions)
Net
Expense Ratio (%)
JPMORGAN BETABUILDERS U.S. EQUITY ETF BBUS $0 $0 $2,602,500 $0 $0.03 0.02%
SPDR Portfolio Large Cap ETF SPLG $13,646,869 $110,787,883 -$844,637 $317,077,504 $2.35 0.03%
iShares Core S&P Total U.S. Stock Market ETF ITOT $66,042,500 $148,673,500 $637,036,290 $1,471,917,065 $19.90 0.03%
Schwab US Large-Cap ETF SCHX $10,412,121 $329,646,515 $473,834,383 $772,634,103 $16.54 0.03%
Schwab US Broad Market ETF SCHB $0 -$146,159,051 -$105,792,059 $336,646,282 $14.75 0.03%

Source: ETF Global

Top 5 ETFs by 1-Day Fund Flow

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Name Ticker 1-Day
Fund Flow ($)
1-Week
Fund Flow ($)
1-Month
Fund Flow ($)
3-Month
Fund Flow ($)
Assets Under
Management ($ billions)
Net
Expense Ratio (%)
Invesco QQQ Trust QQQ $751,732,000 $729,203,250 -$1,123,980,400 $2,403,754,350 $76.12 0.20%
iShares Russell 2000 ETF IWM $442,241,910 -$675,170,595 -$1,895,910,040 -$1,366,295,970 $43.55 0.20%
Technology Select Sector SPDR Fund XLK $202,777,817 $115,485,064 $643,184,956 -$712,161,086 $20.88 0.13%
iShares Russell 2000 Growth ETF IWO $168,353,635 -$137,518,195 -$136,421,295 -$500,472,745 $9.21 0.24%
iShares Core MSCI Emerging Markets ETF IEMG $127,654,560 $127,654,560 $127,654,560 $3,052,644,840 $61.15 0.14%

Source: ETF Global

Top 5 ETFs by 1-Week Fund Flow

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Name Ticker 1-Day
Fund Flow ($)
1-Week
Fund Flow ($)
1-Month
Fund Flow ($)
3-Month
Fund Flow ($)
Assets Under
Management ($ billions)
Net
Expense Ratio (%)
iShares 20+ Year Treasury Bond ETF TLT $73,343,700 $2,166,978,830 $2,420,791,890 $3,002,505,610 $12.61 0.15%
Invesco QQQ Trust QQQ $751,732,000 $729,203,250 -$1,123,980,400 $2,403,754,350 $76.12 0.20%
iShares Core S&P 500 ETF IVV $0 $539,848,815 $3,452,021,615 $3,358,386,865 $178.77 0.04%
iShares Core MSCI EAFE ETF IEFA $0 $498,542,400 $1,884,532,020 $3,734,844,700 $63.20 0.08%
iShares Edge MSCI USA Quality Factor ETF QUAL $27,275,280 $478,179,390 $702,750,170 $1,246,932,680 $11.35 0.15%

Source: ETF Global

Top 5 ETFs by 1-Month Fund Flow

On Mobile/Tablet scroll to the right

Name Ticker 1-Day
Fund Flow ($)
1-Week
Fund Flow ($)
1-Month
Fund Flow ($)
3-Month
Fund Flow ($)
Assets Under
Management ($ billions)
Net
Expense Ratio (%)
SPDR S&P 500 ETF Trust SPY -$841,782,011 -$2,202,289,496 $3,946,503,683 $3,751,117,301 $279.34 0.09%
iShares Core S&P 500 ETF IVV $0 $539,848,815 $3,452,021,615 $3,358,386,865 $178.77 0.04%
iShares 20+ Year Treasury Bond ETF TLT $73,343,700 $2,166,978,830 $2,420,791,890 $3,002,505,610 $12.61 0.15%
iShares Core MSCI EAFE ETF IEFA $0 $498,542,400 $1,884,532,020 $3,734,844,700 $63.20 0.08%
iShares U.S. Treasury Bond ETF GOVT $12,477,050 $42,224,380 $1,371,620,470 $1,934,375,860 $9.72 0.15%

Source: ETF Global

Top 5 ETFs by 3-Month Fund Flow

On Mobile/Tablet scroll to the right

Name Ticker 1-Day
Fund Flow ($)
1-Week
Fund Flow ($)
1-Month
Fund Flow ($)
3-Month
Fund Flow ($)
Assets Under
Management ($ billions)
Net
Expense Ratio (%)
Vanguard S&P 500 ETF VOO -$119,551,047 $102,221,401 $935,615,060 $5,778,061,540 $112.64 0.04%
Graniteshares Gold Trust BAR $0 -$8,903,300 -$6,330,500 $4,107,519,270 $0.45 0.17%
SPDR S&P 500 ETF Trust SPY -$841,782,011 -$2,202,289,496 $3,946,503,683 $3,751,117,301 $279.34 0.09%
iShares Core MSCI EAFE ETF IEFA $0 $498,542,400 $1,884,532,020 $3,734,844,700 $63.20 0.08%
Vanguard Intermediate-Term Corporate Bond ETF VCIT $25,887,000 $77,611,000 $465,937,000 $3,479,588,000 $23.04 0.07%

Source: ETF Global

 

 

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