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ETF AM Wrap-Up: Surge in Demand for US Large-Cap Stocks

May 01, 2019

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  • Investors rotated into US large-cap funds yesterday, despite US stocks trading flat, with 4 of the top 5 ETFs by 1-day fund flow US large-cap index ETFs. Fund flows into the SPDR S&P 500 ETF Trust (SPY) were notably strong with nearly $4 billion flowing into the SPY. As of yesterday’s close, the SPY is currently the top ETF in our 3,000+ ETF universe in all categories of fund flow highlighted below, indicating that demand to own US large-cap stocks has not waivered as earnings season ramped up.
     
  • SPY currently has a “Caution” ETF Smart Beta Score and a “Buy” Trading Signal according to our Quantamize models.
     
  • The Oppenheimer S&P Ultra Dividend Revenue ETF (RDIV) was the number 2 ETF by 1-day fund flow yesterday with more than $578 million of inflows. The elevated inflows into RDIV, which aims to provide safe and predictable revenue streams, signals caution among some investors as US equities trade near record highs.
     
  • RDIV currently has a “Good” ETF Smart Beta Score according to our Quantamize models.

 

Top 5 ETFs by Assets Under Management (AUM)

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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 (%)
SPDR S&P 500 ETF Trust SPY $3,995,640,315 $1,947,938,540 $7,553,687,297 $5,550,836,297 $282.46 0.09%
iShares Core S&P 500 ETF IVV -$103,526,395 -$590,251,000 $2,507,533,915 $3,221,233,635 $178.94 0.04%
Vanguard Total Stock Market ETF VTI $133,069,953 $249,010,750 $1,020,317,673 $2,516,338,980 $115.23 0.04%
Vanguard S&P 500 ETF VOO $88,933,693 $159,797,509 $1,154,672,768 $5,527,039,486 $113.28 0.04%
Invesco QQQ Trust QQQ $420,178,000 $239,950,850 $1,495,855,050 $1,921,028,750 $76.07 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 -$58,697,524 -$24,299,145 $89,600,422 $264,854,553 $2.34 0.03%
SPDR Portfolio Total Stock Market ETF SPTM -$67,609,051 $32,272,314 $101,511,509 $208,883,297 $3.32 0.03%
Schwab US Large-Cap ETF SCHX $7,027,504 $59,492,438 $523,156,498 $841,515,384 $16.67 0.03%
iShares Core S&P Total U.S. Stock Market ETF ITOT $0 $16,671,300 $509,138,825 $1,474,388,610 $19.99 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 (%)
SPDR S&P 500 ETF Trust SPY $3,995,640,315 $1,947,938,540 $7,553,687,297 $5,550,836,297 $282.46 0.09%
Oppenheimer S&P Ultra Dividend Revenue ETF RDIV $578,052,056 $601,367,933 $654,949,716 $878,041,505 $2.39 0.39%
Invesco QQQ Trust QQQ $420,178,000 $239,950,850 $1,495,855,050 $1,921,028,750 $76.07 0.20%
Principal U.S. Mega-Cap Multi-Factor Index ETF USMC $263,111,947 $263,111,947 $268,749,422 $0 $1.91 0.12%
iShares Russell 1000 Growth ETF IWF $198,367,750 $150,831,340 $96,467,390 -$862,937,370 $44.75 0.20%

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 (%)
SPDR S&P 500 ETF Trust SPY $3,995,640,315 $1,947,938,540 $7,553,687,297 $5,550,836,297 $282.46 0.09%
iShares Core MSCI EAFE ETF IEFA $0 $920,174,520 $2,210,121,920 $5,423,605,920 $64.19 0.08%
Oppenheimer S&P Ultra Dividend Revenue ETF RDIV $578,052,056 $601,367,933 $654,949,716 $878,041,505 $2.39 0.39%
SPDR Dow Jones Industrial Average ETF Trust DIA $26,544,685 $515,296,544 $1,043,665,037 $638,145,764 $22.46 0.17%
iShares Core S&P Small-Cap ETF IJR $12,041,280 $435,458,640 $81,989,405 $885,158,310 $44.98 0.07%

Source: ETF Global

Top 5 ETFs by 1-Month 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 (%)
SPDR S&P 500 ETF Trust SPY $3,995,640,315 $1,947,938,540 $7,553,687,297 $5,550,836,297 $282.46 0.09%
iShares 20+ Year Treasury Bond ETF TLT $24,588,980 $383,612,040 $3,323,663,620 $3,085,491,270 $13.09 0.15%
iShares Core S&P 500 ETF IVV -$103,526,395 -$590,251,000 $2,507,533,915 $3,221,233,635 $178.94 0.04%
iShares Core MSCI EAFE ETF IEFA $0 $920,174,520 $2,210,121,920 $5,423,605,920 $64.19 0.08%
Financial Select Sector SPDR Fund XLF -$104,910,206 $54,389,195 $1,534,810,354 -$144,516,300 $25.74 0.13%

Source: ETF Global

Top 5 ETFs by 3-Month 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 (%)
SPDR S&P 500 ETF Trust SPY $3,995,640,315 $1,947,938,540 $7,553,687,297 $5,550,836,297 $282.46 0.09%
Vanguard S&P 500 ETF VOO $88,933,693 $159,797,509 $1,154,672,768 $5,527,039,486 $113.28 0.04%
iShares Core MSCI EAFE ETF IEFA $0 $920,174,520 $2,210,121,920 $5,423,605,920 $64.19 0.08%
Graniteshares Gold Trust BAR $0 -$1,898,250 -$8,228,750 $4,105,621,020 $0.45 0.17%
iShares Core S&P 500 ETF IVV -$103,526,395 -$590,251,000 $2,507,533,915 $3,221,233,635 $178.94 0.04%

Source: ETF Global

 

 

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