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ETF AM Wrap-Up: Flows into SPY reverse while investors buy XLF

May 03, 2019

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  • And just like that, flows into US large-cap index ETFs reversed with nearly $4 billion flowing out of the S&P 500 ETF (SPY) yesterday.  Ironically, $245 million flowed into the Vanguard S&P 500 ETF (VOO).  SPYT has a “BUY” trading signal with a “Caution” Smart Beta rating while VOO has a “SELL” trading signal with a “Caution” Smart Beta rating. 

 

  • Nearly $750 million flowed into the Financial Selector Sector SPDR (XLF) yesterday with little more than $2 billion flowing into the XLF over the past month.  Not sure what to make of that since the outlook for bank stocks is not positive with more downward pressure on rates than upward momentum.  As we have discussed before, XLF is more of a play on the money center banks than it is a play on regional banks.  Perhaps this rotation reflects investor bias that investment bank revenue will accelerate?  XLF currently has a “SELL” trading signal 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 -$3,998,785,962 -$325,819,041 $2,251,036,866 $6,156,003,129 $275.61 0.09%
iShares Core S&P 500 ETF IVV $29,386,190 -$162,716,555 $2,650,845,815 $10,123,133,575 $177.28 0.04%
Vanguard Total Stock Market ETF VTI $140,280,668 $524,825,995 $1,531,707,303 $2,878,966,807 $114.43 0.04%
Vanguard S&P 500 ETF VOO $245,679,671 $407,221,623 $1,538,917,416 $5,865,127,680 $112.51 0.04%
Invesco QQQ Trust QQQ -$519,381,500 -$120,837,100 $2,327,913,050 $564,818,350 $75.46 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 $5,149,675 $5,072,925 $94,126,720 $291,265,981 $2.35 0.03%
iShares Core S&P Total U.S. Stock Market ETF ITOT $0 $90,398,565 $580,340,000 $1,564,787,175 $19.90 0.03%
Schwab US Large-Cap ETF SCHX $0 $73,723,168 $551,974,138 $903,131,748 $16.56 0.03%
SPDR Portfolio Total Stock Market ETF SPTM $0 $28,628,537 $78,769,675 $212,241,208 $3.29 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 (%)
Financial Select Sector SPDR Fund XLF $741,815,338 $766,752,445 $2,061,399,919 $242,205,498 $26.15 0.13%
iShares Broad USD High Yield Corporate Bond ETF USHY $368,693,780 $374,795,435 $557,450,810 $1,003,470,055 $1.24 0.22%
iShares Core S&P Small-Cap ETF IJR $282,038,980 $701,532,160 $541,298,125 $1,106,956,015 $45.00 0.07%
Vanguard S&P 500 ETF VOO $245,679,671 $407,221,623 $1,538,917,416 $5,865,127,680 $112.51 0.04%
Vanguard Total Stock Market ETF VTI $140,280,668 $524,825,995 $1,531,707,303 $2,878,966,807 $114.43 0.04%

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 (%)
Financial Select Sector SPDR Fund XLF $741,815,338 $766,752,445 $2,061,399,919 $242,205,498 $26.15 0.13%
iShares Core S&P Small-Cap ETF IJR $282,038,980 $701,532,160 $541,298,125 $1,106,956,015 $45.00 0.07%
SPDR Dow Jones Industrial Average ETF Trust DIA $0 $541,987,960 $1,002,469,944 $633,133,204 $22.14 0.17%
Vanguard Total Stock Market ETF VTI $140,280,668 $524,825,995 $1,531,707,303 $2,878,966,807 $114.43 0.04%
Vanguard S&P 500 ETF VOO $245,679,671 $407,221,623 $1,538,917,416 $5,865,127,680 $112.51 0.04%

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 (%)
iShares Core S&P 500 ETF IVV $29,386,190 -$162,716,555 $2,650,845,815 $10,123,133,575 $177.28 0.04%
Invesco QQQ Trust QQQ -$519,381,500 -$120,837,100 $2,327,913,050 $564,818,350 $75.46 0.20%
iShares 20+ Year Treasury Bond ETF TLT -$61,841,450 -$320,255,530 $2,307,352,980 $2,184,984,900 $12.20 0.15%
SPDR S&P 500 ETF Trust SPY -$3,998,785,962 -$325,819,041 $2,251,036,866 $6,156,003,129 $275.61 0.09%
iShares Core MSCI EAFE ETF IEFA $0 $396,835,200 $2,210,121,920 $5,423,605,920 $63.90 0.08%

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 (%)
iShares Core S&P 500 ETF IVV $29,386,190 -$162,716,555 $2,650,845,815 $10,123,133,575 $177.28 0.04%
SPDR S&P 500 ETF Trust SPY -$3,998,785,962 -$325,819,041 $2,251,036,866 $6,156,003,129 $275.61 0.09%
Vanguard S&P 500 ETF VOO $245,679,671 $407,221,623 $1,538,917,416 $5,865,127,680 $112.51 0.04%
iShares Core MSCI EAFE ETF IEFA $0 $396,835,200 $2,210,121,920 $5,423,605,920 $63.90 0.08%
Graniteshares Gold Trust BAR $0 $0 -$8,228,750 $4,099,239,270 $0.44 0.17%

Source: ETF Global

 

 

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