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ETF AM Wrap-Up: Strong Earnings Fuel Rotation into Technology and Healthcare ETFs

May 02, 2019

Actionable and Transparent Quantitative ResearchActionable and Transparent Quantitative Research
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  • Investors rotated into US technology stocks yesterday as the Invesco QQQ Trust (QQQ) and the Technology Select Sector SPDR Fund (XLK) were the number 1 and number 2 ETFs in our 3,000+ ETF Universe by 1-day fund flow. QQQ received nearly $474 million of positive flows while XLK received more than $267 million of inflows. Technology stocks have been one of the best performing sectors so far in first quarter earnings season -- we take a deeper dive into the earnings results of notable US tech giants in, “FAANG Results for First Quarter: Part Bite, Part Nibble”.
     
  • QQQ currently has a “Poor” ETF Smart Beta Score and a “SELL” Trading Signal according to our models. XLK currently has a “Caution” ETF Smart Beta Score and a “SELL” Trading Signal according to our models.
     
  • US healthcare stocks also observed an uptick in demand yesterday with the Health Care Select Sector SPDR Fund (XLV) as the number 3 ETF by 1-day fund flow in our universe. Several US healthcare giants including CVS Health Corp. (CVS) and Humana (HUM) reported strong earnings yesterday, driving the spike in demand for healthcare ETFs. For concise coverage of healthcare stock earnings along with summaries for other stocks being discussed in the news, check out our Global Stocks Trending in the News post.
     
  • XLV currently has a “BUY” 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 -$161,745,141 $2,723,299,728 $4,907,161,755 $7,788,327,213 $280.19 0.09%
iShares Core S&P 500 ETF IVV $29,608,130 -$192,102,745 $2,692,602,075 $10,093,747,385 $177.62 0.04%
Vanguard Total Stock Market ETF VTI $141,912,008 $419,605,028 $1,147,341,637 $2,712,134,057 $114.47 0.04%
Vanguard S&P 500 ETF VOO $69,318,193 $149,484,450 $1,294,661,227 $5,632,705,679 $112.50 0.04%
Invesco QQQ Trust QQQ $473,970,000 -$9,226,750 $2,379,967,950 $2,116,849,850 $76.25 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 $25,944,314 -$76,750 $113,895,164 $290,798,866 $2.35 0.03%
SPDR Portfolio Total Stock Market ETF SPTM $0 $28,628,537 $84,045,014 $203,963,773 $3.29 0.03%
Schwab US Large-Cap ETF SCHX $45,722,340 $87,703,373 $568,878,838 $887,237,724 $16.59 0.03%
iShares Core S&P Total U.S. Stock Market ETF ITOT $90,398,565 $90,398,565 $580,340,000 $1,564,787,175 $19.93 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 $473,970,000 -$9,226,750 $2,379,967,950 $2,116,849,850 $76.25 0.20%
Technology Select Sector SPDR Fund XLK $267,730,467 $36,019,507 $261,525,118 -$372,522,115 $20.97 0.13%
Health Care Select Sector SPDR Fund XLV $183,162,014 $61,790,319 -$590,537,673 -$464,110,723 $18.31 0.13%
VanEck Vectors Semiconductor ETF SMH $180,172,000 -$79,642,250 $76,835,200 -$93,965,750 $1.02 0.35%
Invesco Strategic Developed ex-US ETF ISDX $146,162,250 $146,162,250 $146,162,250 $146,162,250 $0.15 0.23%

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 -$161,745,141 $2,723,299,728 $4,907,161,755 $7,788,327,213 $280.19 0.09%
SPDR Dow Jones Industrial Average ETF Trust DIA -$79,749,092 $475,518,300 $1,002,469,944 $484,760,348 $22.24 0.17%
Vanguard Total Stock Market ETF VTI $141,912,008 $419,605,028 $1,147,341,637 $2,712,134,057 $114.47 0.04%
iShares Core S&P Small-Cap ETF IJR $0 $419,493,180 $259,259,145 $851,439,720 $44.61 0.07%
iShares Core MSCI EAFE ETF IEFA $0 $396,835,200 $2,210,121,920 $5,423,605,920 $64.34 0.08%

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 -$161,745,141 $2,723,299,728 $4,907,161,755 $7,788,327,213 $280.19 0.09%
iShares Core S&P 500 ETF IVV $29,608,130 -$192,102,745 $2,692,602,075 $10,093,747,385 $177.62 0.04%
iShares 20+ Year Treasury Bond ETF TLT -$790,378,880 -$443,530,880 $2,470,085,790 $2,270,908,770 $12.32 0.15%
Invesco QQQ Trust QQQ $473,970,000 -$9,226,750 $2,379,967,950 $2,116,849,850 $76.25 0.20%
iShares Core MSCI EAFE ETF IEFA $0 $396,835,200 $2,210,121,920 $5,423,605,920 $64.34 0.08%

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 (%)
iShares Core S&P 500 ETF IVV $29,608,130 -$192,102,745 $2,692,602,075 $10,093,747,385 $177.62 0.04%
SPDR S&P 500 ETF Trust SPY -$161,745,141 $2,723,299,728 $4,907,161,755 $7,788,327,213 $280.19 0.09%
Vanguard S&P 500 ETF VOO $69,318,193 $149,484,450 $1,294,661,227 $5,632,705,679 $112.50 0.04%
iShares Core MSCI EAFE ETF IEFA $0 $396,835,200 $2,210,121,920 $5,423,605,920 $64.34 0.08%
Graniteshares Gold Trust BAR $0 -$1,898,250 -$8,228,750 $4,105,621,020 $0.45 0.17%

Source: ETF Global

 

 

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