ETFs Pulled in $23B Last Week; AMJ Led Outflows

ETFs Pulled in $23B Last Week; AMJ Led Outflows

Year-to-date inflows climbed to $230 billion.

sumit
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Senior ETF Analyst
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Reviewed by: etf.com Staff
,
Edited by: Ron Day

Fresh record highs in U.S. stocks prompted investors to plow $22.9 billion into U.S.-listed exchange-traded funds last week. That brought year-to-date inflows up to $230.3 billion.

The S&P 500 climbed above 5,300 for the first time ever last week as a better-than-feared inflation report eased investors worried about consumer prices and interest rates.

U.S. equity ETFs pulled in $14.7 billion of new money last week, leading all ETF categories. U.S. fixed income ETFs followed suit with weekly inflows of $5.2 billion.  

The U.S. 10-year Treasury yield fell as low as 4.34% last week, significantly below the 4.7% high from April.

Meanwhile, nine of last week's 10 best-performing funds were crypto related, topped by the 13% gain in the First Trust SkyBridge Crypto Industry And Digital Economy ETF (CRPT).

S&P 500 ETF In Demand 

Topping last week’s flows charts was a pair of S&P 500 ETFs: the Vanguard S&P 500 Index Fund (VOO) and the SPDR S&P 500 ETF Trust (SPY), which brought in $2 billion and $1.8 billion, respectively, of new cash.

The Invesco QQQ Trust (QQQ) was next, with inflows of $1.8 billion.

Along with the broader S&P 500, the tech-heavy Nasdaq-100 also hit records last week. Key Nasdaq component Nvidia will report earnings this week.

Meanwhile, in terms of fixed income, the iShares iBoxx USD High Yield Corporate Bond ETF (HYG) and the iShares iBoxx USD Investment Grade Corporate Bond ETF (LQD) led the way, with weekly inflows of $1.2 billion and $1 billion, respectively.

AMJ Tops Outflows

On the outflows side of the ledger, the JPMorgan Alerian MLP Index ETN (AMJ) was far and away the biggest loser, with redemptions of $2.8 billion.

The Technology Select Sector SPDR Fund (XLK) and the Direxion Daily Semiconductor Bull 3X Shares (SOXL) were next, each with redemptions of just under $700 million

The ProShares UltraPro QQQ (TQQQ) was another leveraged tech-focused fund to make the top 10 outflows list, with redemptions of more than $400 million.

For a full list of last week’s top inflows and outflows, see the tables below:

Top 10 Creations (All ETFs)

TickerNameNet Flows ($, mm)AUM ($, mm)AUM % Change
VOOVanguard 500 Index Fund1,965.23454,109.360.43
SPYSPDR S&P 500 ETF Trust1,814.62524,808.850.35
QQQInvesco QQQ Trust1,814.57268,394.660.68
HYGiShares iBoxx USD High Yield Corporate Bond ETF1,240.6516,418.257.56
LQDiShares iBoxx USD Investment Grade Corporate Bond ETF1,026.9529,798.233.45
VTIVanguard Total Stock Market ETF813.06398,371.130.20
AMJBJPMorgan Alerian MLP Index ETN due January 28, 2044668.41776.1786.12
VXUSVanguard Total International Stock ETF604.6372,827.850.83
IWFiShares Russell 1000 Growth ETF563.8491,478.200.62
BUFCAB Conservative Buffer ETF542.791,085.5950.00



 

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($, mm)AUM ($, mm)AUM % Change
AMJJPMorgan Alerian MLP Index ETN-2,789.98564.22-494.48
XLKTechnology Select Sector SPDR Fund-699.6165,796.22-1.06
SOXLDirexion Daily Semiconductor Bull 3X Shares-670.7310,983.30-6.11
IGSBiShares 1-5 Year Investment Grade Corporate Bond ETF-594.1320,658.07-2.88
VTIPVanguard Short-Term Inflation-Protected Securities ETF-474.5910,845.62-4.38
TQQQProShares UltraPro QQQ-417.8022,193.88-1.88
XLIIndustrial Select Sector SPDR Fund-371.3718,607.93-2.00
XLEEnergy Select Sector SPDR Fund-328.2339,200.26-0.84
EWJiShares MSCI Japan ETF-266.0816,425.60-1.62
ESGUiShares ESG Aware MSCI USA ETF-243.4212,754.38-1.91



 

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
Alternatives-33.537,625.13-0.44%
Asset Allocation-16.8418,288.76-0.09%
Commodities682.30145,554.330.47%
Currency669.6258,902.881.14%
International Equity1,330.351,520,279.060.09%
International Fixed Income1,411.22198,944.020.71%
Inverse269.3613,557.841.99%
Leveraged-1,299.7698,660.55-1.32%
U.S. Equity14,650.315,592,652.450.26%
U.S. Fixed Income5,231.211,394,197.100.38%
Total:22,894.239,048,662.110.25%



 

Asset Classes (Year-to-Date)

 Net Flows ($, mm)AUM ($, mm)% of AUM
Alternatives734.197,545.609.73%
Asset Allocation156.7617,603.730.89%
Commodities-4,457.34141,725.43-3.15%
Currency12,337.9856,479.9421.84%
International Equity32,078.761,458,361.862.20%
International Fixed Income16,836.62191,222.058.80%
Inverse-869.6813,467.27-6.46%
Leveraged-392.4591,946.51-0.43%
U.S. Equity123,195.985,369,235.782.29%
U.S. Fixed Income50,713.131,362,597.823.72%
Total:230,333.958,710,185.982.64%



 

Top 10 Volume Surprises, Funds >$50 mm AUM

TickerNameAverage Volume
(30 Day)
1 Week Average
Volume
% of Average
UCRDVictoryShares Corporate Bond ETF13,091379,001.002,895.13%%
CDXSimplify High Yield PLUS Credit Hedge ETF87,6522,020,791.002,305.47%%
GVIPGoldman Sachs Hedge Industry VIP ETF16,657365,766.002,195.81%%
CSDInvesco S&P Spin-Off ETF3,90481,660.002,091.94%%
GMAYFT Vest U.S. Equity Moderate Buffer ETF - May21,096360,372.001,708.27%%
AESRAnfield U.S. Equity Sector Rotation ETF82,6401,395,565.001,688.72%%
RZVInvesco S&P SmallCap 600 Pure Value ETF12,633208,473.001,650.19%%
SHLDGlobal X Defense Tech ETF99,2011,447,900.001,459.57%%
VSLUApplied Finance Valuation Large Cap ETF32,234419,005.001,299.88%%
XHYCBondBloxx USD High Yield Bond Consumer Cyclicals Sector ETF3,33031,250.00938.38%%



 

Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded

TickerNameWeekly PerformanceWeekly VolumeAUM ($, mm)
CRPTFirst Trust SkyBridge Crypto Industry and Digital Economy ETF13.22%264,93954.13
BKCHGlobal X Blockchain ETF9.22%93,377130.78
DAPPVanEck Digital Transformation ETF9.11%190,807109.08
WGMIValkyrie Bitcoin Miners ETF8.67%563,40382.39
STCESchwab Crypto Thematic ETF8.51%42,31837.39
BITQBitwise Crypto Industry Innovators ETF8.00%144,873121.42
HYDRGlobal X Hydrogen ETF7.66%294,84243.03
IBLCiShares Blockchain and Tech ETF7.59%9,37218.63
SATOInvesco Alerian Galaxy Crypto Economy ETF6.98%8,6268.61
GFOFGrayscale Future of Finance ETF6.96%2,1196.55



 

Top 10 YTD Performers

TickerNameYTD PerformanceWeekly PerformanceAUM ($, mm)
GBTCGrayscale Bitcoin Trust ETF72.53%4.68%18,832.49
NVDYYieldMax NVDA Option Income Strategy ETF60.25%2.90%484.79
MAXISimplify Bitcoin Strategy PLUS Income ETF54.31%5.17%20.71
BITOProShares Bitcoin Strategy ETF54.21%4.52%2,155.34
ARKAARK 21Shares Active Bitcoin Futures Strategy ETF53.66%4.72%17.11
BITCBitwise Bitcoin Strategy Optimum Roll ETF53.06% 12.40
DEFIHashdex Bitcoin ETF51.12% 11.94
ARKCARK 21Shares Active On-Chain Bitcoin Strategy ETF49.39%3.70%2.42
BETHProShares Bitcoin & Ether Market Cap Weight Strategy ETF47.60%4.22%7.50
BTFValkyrie Bitcoin and Ether Strategy ETF42.33%3.63%48.32



 

Disclaimer: All data as of 6 a.m. Eastern time the date the article is published. Data is believed to be accurate; however, transient market data is often subject to subsequent revision and correction by the exchanges.

Sumit Roy is the senior ETF analyst for etf.com, where he has worked for 13 years. He creates a variety of content for the platform, including news articles, analysis pieces, videos and podcasts.

Before joining etf.com, Sumit was the managing editor and commodities analyst for Hard Assets Investor. In those roles, he was responsible for most of the operations of HAI, a website dedicated to education about commodities investing.

Though he still closely follows the commodities beat, Sumit covers a much broader assortment of topics for etf.com, with a particular focus on stock and bond exchange-traded funds.

He is the host of etf.com’s Talk ETFs, a popular video series that features weekly interviews with thought leaders in the ETF industry. Sumit is also co-host of Exchange Traded Fridays, etf.com’s weekly podcast series.

He lives in the San Francisco Bay Area, where he enjoys climbing the city’s steep hills, playing chess and snowboarding in Lake Tahoe.