We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
5 ETFs That Were Most Loved by Investors Last Week
Read MoreHide Full Article
Last week, ETFs shed about $5.3 billion in capital, pushing year-to-date inflows to $388.7 billion. U.S. equity ETFs led the way higher with $5.3 billion outflows, closely followed by $1.5 billion in U.S. fixed-income ETFs and $1.2 billion in international equity, per etf.com.
As such, SPDR Bloomberg 1-3 Month T-Bill ETF (BIL - Free Report) , iShares Short Treasury Bond ETF (SHV - Free Report) , JPMorgan Ultra-Short Income ETF (JPST - Free Report) , ProShares UltraPro QQQ (TQQQ - Free Report) and Vanguard S&P 500 ETF (VOO - Free Report) dominated the top creation list last week.
Wall Street declined last week as worries about Fed’s aggressive interest rate hikes continued to weigh. Jerome Powell recently said that the Fed would need to keep interest rates high enough to slow the economy “for some time” in order to curb inflation. While a tight monetary policy "for some time" will bring down inflation from its 40-year high, it means slower growth, a weaker job market and "some pain" for households and businesses.
Additionally, the latest job report bolstered the case for rate hikes. The economy added 315,000 jobs in August, while the unemployment rate ticked up to 3.7% from 3.5% (read: Why Low-Volatility ETFs Should Outperform in September).
Further, weak factory data survey from Europe and Asia intensified fears of a global economic slowdown. Economic activity in China, the world's second-largest economy, has been declining and the property sector is also suffering. Euro zone inflation for August also rose to another record high on Sep 8, solidifying the case for a hefty rate hike by the European Central Bank.
SPDR Bloomberg 1-3 Month T-Bill ETF topped asset flow creation last week, gathering $2.4 billion in capital. It seeks to provide exposure to zero-coupon U.S. Treasury securities with a remaining maturity of 1-3 months. It follows the Bloomberg 1-3 Month U.S. Treasury Bill Index, holding 15 securities in its basket. Both average maturity and adjusted duration come in at 0.15 years each (read: 5 ETFs That Investors Loved the Most Last Week).
SPDR Bloomberg 1-3 Month T-Bill ETF has AUM of $19.2 billion and an average daily volume of 6 million shares. It charges 14 bps in annual fees and has a Zacks ETF Rank #3 (Hold) with a Medium risk outlook.
iShares Short Treasury Bond ETF saw an inflow of $1.9 billion last week. It provides exposure to U.S. Treasury bonds that mature in less than 1 year and follows the ICE Short US Treasury Securities Index. iShares Short Treasury Bond ETF holds 51 securities in its basket, with both average maturity of 0.34 years and an effective duration of 0.33 years.
iShares Short Treasury Bond ETF has amassed $20.8 billion in its asset base while trading in a solid volume of 4 million shares a day. It charges 15 bps in annual fees and has a Zacks ETF Rank #4 (Sell) with a Medium risk outlook (read: Higher Yields to Fuel Rally in These ETFs).
JPMorgan Ultra-Short Income ETF accumulated $848.2 million in capital last week. It invests mainly in investment-grade, U.S. dollar-denominated fixed, variable and floating-rate debt. JPMorgan Ultra-Short Income ETF holds 634 bonds in its basket with an average duration of 0.27 years.
JPMorgan Ultra-Short Income ETF has AUM of $21.6 billion in its asset base while trading in a good volume of around 4.3 million shares a day. It charges 18 bps in annual fees.
ProShares UltraPro QQQ gathered $540 million in capital last week. It offers thrice the returns of its daily performance of the NASDAQ-100 Index, charging 95 bps in annual fees.
ProShares UltraPro QQQ has $21.6 billion in AUM and trades in a heavy volume of 139 million shares, on average.
Vanguard S&P 500 ETF accumulated $523 million in capital. It tracks the S&P 500 Index and holds 503 stocks in its basket, each accounting for more than 7.1% of assets. Vanguard S&P 500 ETF is heavy on the information technology sector while healthcare, consumer discretionary, financials and communication services round off its next four spots with a double-digit allocation each.
Vanguard S&P 500 ETF charges investors 3 bps in annual fees and trades in an average daily volume of 4 million shares. It has AUM of $265 billion and a Zacks ETF Rank #3 with a Medium risk outlook.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
5 ETFs That Were Most Loved by Investors Last Week
Last week, ETFs shed about $5.3 billion in capital, pushing year-to-date inflows to $388.7 billion. U.S. equity ETFs led the way higher with $5.3 billion outflows, closely followed by $1.5 billion in U.S. fixed-income ETFs and $1.2 billion in international equity, per etf.com.
As such, SPDR Bloomberg 1-3 Month T-Bill ETF (BIL - Free Report) , iShares Short Treasury Bond ETF (SHV - Free Report) , JPMorgan Ultra-Short Income ETF (JPST - Free Report) , ProShares UltraPro QQQ (TQQQ - Free Report) and Vanguard S&P 500 ETF (VOO - Free Report) dominated the top creation list last week.
Wall Street declined last week as worries about Fed’s aggressive interest rate hikes continued to weigh. Jerome Powell recently said that the Fed would need to keep interest rates high enough to slow the economy “for some time” in order to curb inflation. While a tight monetary policy "for some time" will bring down inflation from its 40-year high, it means slower growth, a weaker job market and "some pain" for households and businesses.
Additionally, the latest job report bolstered the case for rate hikes. The economy added 315,000 jobs in August, while the unemployment rate ticked up to 3.7% from 3.5% (read: Why Low-Volatility ETFs Should Outperform in September).
Further, weak factory data survey from Europe and Asia intensified fears of a global economic slowdown. Economic activity in China, the world's second-largest economy, has been declining and the property sector is also suffering. Euro zone inflation for August also rose to another record high on Sep 8, solidifying the case for a hefty rate hike by the European Central Bank.
We have detailed the ETFs below:
SPDR Bloomberg 1-3 Month T-Bill ETF (BIL - Free Report)
SPDR Bloomberg 1-3 Month T-Bill ETF topped asset flow creation last week, gathering $2.4 billion in capital. It seeks to provide exposure to zero-coupon U.S. Treasury securities with a remaining maturity of 1-3 months. It follows the Bloomberg 1-3 Month U.S. Treasury Bill Index, holding 15 securities in its basket. Both average maturity and adjusted duration come in at 0.15 years each (read: 5 ETFs That Investors Loved the Most Last Week).
SPDR Bloomberg 1-3 Month T-Bill ETF has AUM of $19.2 billion and an average daily volume of 6 million shares. It charges 14 bps in annual fees and has a Zacks ETF Rank #3 (Hold) with a Medium risk outlook.
iShares Short Treasury Bond ETF (SHV - Free Report)
iShares Short Treasury Bond ETF saw an inflow of $1.9 billion last week. It provides exposure to U.S. Treasury bonds that mature in less than 1 year and follows the ICE Short US Treasury Securities Index. iShares Short Treasury Bond ETF holds 51 securities in its basket, with both average maturity of 0.34 years and an effective duration of 0.33 years.
iShares Short Treasury Bond ETF has amassed $20.8 billion in its asset base while trading in a solid volume of 4 million shares a day. It charges 15 bps in annual fees and has a Zacks ETF Rank #4 (Sell) with a Medium risk outlook (read: Higher Yields to Fuel Rally in These ETFs).
JPMorgan Ultra-Short Income ETF (JPST - Free Report)
JPMorgan Ultra-Short Income ETF accumulated $848.2 million in capital last week. It invests mainly in investment-grade, U.S. dollar-denominated fixed, variable and floating-rate debt. JPMorgan Ultra-Short Income ETF holds 634 bonds in its basket with an average duration of 0.27 years.
JPMorgan Ultra-Short Income ETF has AUM of $21.6 billion in its asset base while trading in a good volume of around 4.3 million shares a day. It charges 18 bps in annual fees.
ProShares UltraPro QQQ (TQQQ - Free Report)
ProShares UltraPro QQQ gathered $540 million in capital last week. It offers thrice the returns of its daily performance of the NASDAQ-100 Index, charging 95 bps in annual fees.
ProShares UltraPro QQQ has $21.6 billion in AUM and trades in a heavy volume of 139 million shares, on average.
Vanguard S&P 500 ETF (VOO - Free Report)
Vanguard S&P 500 ETF accumulated $523 million in capital. It tracks the S&P 500 Index and holds 503 stocks in its basket, each accounting for more than 7.1% of assets. Vanguard S&P 500 ETF is heavy on the information technology sector while healthcare, consumer discretionary, financials and communication services round off its next four spots with a double-digit allocation each.
Vanguard S&P 500 ETF charges investors 3 bps in annual fees and trades in an average daily volume of 4 million shares. It has AUM of $265 billion and a Zacks ETF Rank #3 with a Medium risk outlook.