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ETF AM Wrap-Up: US Equities Remain in Focus as Demand for Dividend Stocks Spikes

Jun 20, 2019

Actionable and Transparent Quantitative ResearchActionable and Transparent Quantitative Research
Actionable and Transparent Quantitative ResearchActionable and Transparent Quantitative Research
 
  • Investor funds poured into US large-cap equity ETFs during trading on Wednesday as the iShares Core S&P 500 ETF (IVV) received the highest 1-day fund flows among our 3,000+ ETF coverage universe with more than $1.3 billion of inflows. The Invesco QQQ Trust (QQQ) also received elevated inflows of $615.0 million in trading on Wednesday. Notably, however, the SPDR S&P 500 ETF Trust (SPY), which maintains the largest assets under management among ETFs in our coverage universe, observed significant outflows of $1.8 billion.
  • IVV has a “SELL” trading signal and a “Caution” Smart Beta rating.  
  • QQQ has a “SELL” trading signal and a “Poor” Smart Beta rating.  
  • SPY has a “SELL” trading signal and a “Caution” Smart Beta rating.
     
  • Worth noting that the iShares Core High Dividend ETF (HDV) received the second-most 1-day fund flows among ETFs in our coverage universe with $954.5 million of inflows on Wednesday. Perhaps investors sought out to secure future cash flows through buying dividend stocks after the US Fed’s dovish tone yesterday indicated that a rate cut in 2019 is more likely, which would drive yields lower in fixed income alternatives.
  • HDV has a “Poor” Smart Beta rating.

 

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 -$1,841,062,835 -$45,679,408 $2,401,060,612 -$1,805,829,783 $269.00 0.09%
iShares Core S&P 500 ETF IVV $1,345,361,540 $1,752,147,995 $3,794,485,130 $7,328,409,770 $181.93 0.04%
Vanguard Total Stock Market ETF VTI -$14,874,000 $842,421,273 $431,123,536 $2,311,874,650 $115.55 0.03%
Vanguard S&P 500 ETF VOO $35,695,821 $336,823,618 $1,040,925,160 $4,235,594,655 $114.36 0.03%
Invesco QQQ Trust QQQ $615,030,900 -$14,532,750 $436,721,350 $1,623,544,050 $73.57 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 $0 $5,139,500 $0.03 0.02%
SPDR Portfolio Total Stock Market ETF SPTM $7,270,157 $16,234,251 $100,605,018 $307,772,521 $3.46 0.03%
Schwab US Broad Market ETF SCHB $14,041,989 $14,041,989 $489,683,782 $534,746,237 $15.33 0.03%
iShares Core S&P Total U.S. Stock Market ETF ITOT $62,778,375 $403,023,735 $992,182,585 $2,000,215,620 $21.12 0.03%
Vanguard Total Stock Market ETF VTI -$14,874,000 $842,421,273 $431,123,536 $2,311,874,650 $115.55 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 (%)
iShares Core S&P 500 ETF IVV $1,345,361,540 $1,752,147,995 $3,794,485,130 $7,328,409,770 $181.93 0.04%
iShares Core High Dividend ETF HDV $954,541,525 $978,074,540 $1,057,565,530 $1,132,710,790 $8.21 0.08%
Consumer Staples Select Sector SPDR Fund XLP $632,672,554 $647,550,188 $620,979,731 $671,171,046 $12.37 0.13%
Invesco QQQ Trust QQQ $615,030,900 -$14,532,750 $436,721,350 $1,623,544,050 $73.57 0.20%
iShares Russell 2000 ETF IWM $485,084,250 $1,335,331,410 $1,299,189,920 $456,372,570 $43.19 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 (%)
Vanguard Mid-Cap ETF VO $355,186 $2,123,882,001 $2,207,416,813 $299,988,131 $28.15 0.04%
iShares Core S&P 500 ETF IVV $1,345,361,540 $1,752,147,995 $3,794,485,130 $7,328,409,770 $181.93 0.04%
Vanguard Growth ETF VUG $45,084,564 $1,721,524,984 $1,827,727,416 $1,168,441,248 $42.15 0.04%
iShares iBoxx $ Investment Grade Corporate Bond ETF LQD $415,217,180 $1,349,413,910 $2,554,675,260 $1,070,779,060 $35.16 0.15%
iShares Russell 2000 ETF IWM $485,084,250 $1,335,331,410 $1,299,189,920 $456,372,570 $43.19 0.20%

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 Short Treasury Bond ETF SHV $44,216,040 $143,678,390 $4,131,208,850 $4,848,559,510 $24.49 0.15%
iShares Core S&P 500 ETF IVV $1,345,361,540 $1,752,147,995 $3,794,485,130 $7,328,409,770 $181.93 0.04%
iShares iBoxx $ Investment Grade Corporate Bond ETF LQD $415,217,180 $1,349,413,910 $2,554,675,260 $1,070,779,060 $35.16 0.15%
SPDR S&P 500 ETF Trust SPY -$1,841,062,835 -$45,679,408 $2,401,060,612 -$1,805,829,783 $269.00 0.09%
Vanguard Mid-Cap ETF VO $355,186 $2,123,882,001 $2,207,416,813 $299,988,131 $28.15 0.04%

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 $1,345,361,540 $1,752,147,995 $3,794,485,130 $7,328,409,770 $181.93 0.04%
iShares Core MSCI EAFE ETF IEFA $0 $1,049,998,080 $1,748,046,940 $6,380,537,140 $64.85 0.08%
iShares Short Treasury Bond ETF SHV $44,216,040 $143,678,390 $4,131,208,850 $4,848,559,510 $24.49 0.15%
Vanguard S&P 500 ETF VOO $35,695,821 $336,823,618 $1,040,925,160 $4,235,594,655 $114.36 0.03%
iShares 20+ Year Treasury Bond ETF TLT -$132,217,400 $247,201,670 $1,122,004,860 $3,225,307,460 $14.54 0.15%

Source: ETF Global

 

 

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