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.
Overall, ETFs pulled out $6.2 billion in capital last week, taking year-to-date inflows to $279.1 billion. U.S. equity ETFs led the way higher with $3.7 billion in outflows, followed by $1.3 billion in U.S. fixed-income ETFs and $629.8 million in inverse ETFs, per etf.com.
iShares Core S&P 500 ETF (IVV - Free Report) , iShares 0-3 Month Treasury Bond ETF (SGOV - Free Report) , SPDR Bloomberg 1-3 Month T-Bill ETF (BIL - Free Report) , Vanguard S&P 500 ETF (VOO - Free Report) and iShares Russell 2000 ETF (IWM - Free Report) dominated the top creation list last week.
Wall Street extended the decline for the third week due to a rise in yields. After hitting a trough of 3.6% in April, yield on the 10-year Treasury note hit an almost 16-year high to above 4.3%, driven by expectations that the Fed will keep interest rates higher for a longer span to fight inflation. The 2-year Treasury yield rose to above 5% (read: 6 ETFs to Play "Upside Risks" to Inflation).
A raft of strong economic data kept alive fears of interest rates remaining higher for longer. U.S. retail sales came in better than expected, rising 0.7% in July. Additionally, inflation rose for the first time in July after 12 straight months of decline. The Consumer Price Index rose 3.2% year over year, up from an increase of 3% in June, which was the lowest in over two years. Although inflation has dropped from a peak of 9.1%, it is still significantly above the Federal Reserve's 2% target.
iShares Core S&P 500 ETF topped asset flow creation last week, pulling in $1.5 billion in capital. It tracks the S&P 500 Index and holds 503 stocks in its basket, each accounting for no more than 7.1% of the assets. iShares Core S&P 500 ETF is heavy on the information technology sector, while healthcare and financials round off its next two spots with a double-digit allocation each (read: 3 ETFs to Invest Like Warren Buffett).
iShares Core 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 $342.6 billion and a Zacks ETF Rank #2 (Buy) with a Medium risk outlook.
iShares 0-3 Month Treasury Bond ETF accumulated around $813.2 million in its asset base last week. It offers exposure to U.S. Treasury bonds with remaining maturities less than or equal to three months. iShares 0-3 Month Treasury Bond ETF follows the ICE 0-3 Month US Treasury Securities Index with an average maturity of 0.10 years and an effective duration of 0.09 years (read: Treasury ETFs on Way to Win Record Inflows in 2023: Here's Why).
iShares 0-3 Month Treasury Bond ETF has AUM of $13.6 billion and trades in an average daily volume of 2.3 million shares. SGOV charges 7 bps in annual fees and has a Zacks ETF Rank #3 (Hold).
SPDR Bloomberg 1-3 Month T-Bill ETF saw an inflow of $659.5 million last week. 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 19 securities in its basket. Both average maturity and adjusted duration are at 0.10 years each.
SPDR Bloomberg 1-3 Month T-Bill ETF has AUM of $29.1 billion and an average daily volume of 5.6 million shares. It charges 13 bps in annual fees and has a Zacks ETF Rank #3 with a Medium risk outlook.
Vanguard S&P 500 ETF has gathered $651 million in its asset base. It tracks the S&P 500 Index and holds 506 stocks in its basket, each accounting for no more than 7.5% of the assets. Vanguard S&P 500 ETF is heavy on the information technology sector while consumer discretionary, healthcare and industrials round off its next three 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 3.6 million shares. It has AUM of $325.4 billion and a Zacks ETF Rank #2 with a Medium risk outlook.
iShares Russell 2000 ETF has accumulated $533 million in its asset base. It is the largest and most popular ETF in the small-cap space, with AUM of $53.7 billion and an average daily volume of 26 million shares. iShares Russell 2000 ETF holds well-diversified 1,990 stocks in its basket and has key holdings in industrials, financials, healthcare, information technology and consumer discretionary (read: ETFs to Gain on a Strong Dollar).
iShares Russell 2000 ETF charges 19 bps in annual fees and has 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 Saw Most Inflows Last Week
Overall, ETFs pulled out $6.2 billion in capital last week, taking year-to-date inflows to $279.1 billion. U.S. equity ETFs led the way higher with $3.7 billion in outflows, followed by $1.3 billion in U.S. fixed-income ETFs and $629.8 million in inverse ETFs, per etf.com.
iShares Core S&P 500 ETF (IVV - Free Report) , iShares 0-3 Month Treasury Bond ETF (SGOV - Free Report) , SPDR Bloomberg 1-3 Month T-Bill ETF (BIL - Free Report) , Vanguard S&P 500 ETF (VOO - Free Report) and iShares Russell 2000 ETF (IWM - Free Report) dominated the top creation list last week.
Wall Street extended the decline for the third week due to a rise in yields. After hitting a trough of 3.6% in April, yield on the 10-year Treasury note hit an almost 16-year high to above 4.3%, driven by expectations that the Fed will keep interest rates higher for a longer span to fight inflation. The 2-year Treasury yield rose to above 5% (read: 6 ETFs to Play "Upside Risks" to Inflation).
A raft of strong economic data kept alive fears of interest rates remaining higher for longer. U.S. retail sales came in better than expected, rising 0.7% in July. Additionally, inflation rose for the first time in July after 12 straight months of decline. The Consumer Price Index rose 3.2% year over year, up from an increase of 3% in June, which was the lowest in over two years. Although inflation has dropped from a peak of 9.1%, it is still significantly above the Federal Reserve's 2% target.
We have detailed the ETFs below:
iShares Core S&P 500 ETF (IVV - Free Report)
iShares Core S&P 500 ETF topped asset flow creation last week, pulling in $1.5 billion in capital. It tracks the S&P 500 Index and holds 503 stocks in its basket, each accounting for no more than 7.1% of the assets. iShares Core S&P 500 ETF is heavy on the information technology sector, while healthcare and financials round off its next two spots with a double-digit allocation each (read: 3 ETFs to Invest Like Warren Buffett).
iShares Core 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 $342.6 billion and a Zacks ETF Rank #2 (Buy) with a Medium risk outlook.
iShares 0-3 Month Treasury Bond ETF (SGOV - Free Report)
iShares 0-3 Month Treasury Bond ETF accumulated around $813.2 million in its asset base last week. It offers exposure to U.S. Treasury bonds with remaining maturities less than or equal to three months. iShares 0-3 Month Treasury Bond ETF follows the ICE 0-3 Month US Treasury Securities Index with an average maturity of 0.10 years and an effective duration of 0.09 years (read: Treasury ETFs on Way to Win Record Inflows in 2023: Here's Why).
iShares 0-3 Month Treasury Bond ETF has AUM of $13.6 billion and trades in an average daily volume of 2.3 million shares. SGOV charges 7 bps in annual fees and has a Zacks ETF Rank #3 (Hold).
SPDR Bloomberg 1-3 Month T-Bill ETF (BIL - Free Report)
SPDR Bloomberg 1-3 Month T-Bill ETF saw an inflow of $659.5 million last week. 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 19 securities in its basket. Both average maturity and adjusted duration are at 0.10 years each.
SPDR Bloomberg 1-3 Month T-Bill ETF has AUM of $29.1 billion and an average daily volume of 5.6 million shares. It charges 13 bps in annual fees and has a Zacks ETF Rank #3 with a Medium risk outlook.
Vanguard S&P 500 ETF (VOO - Free Report)
Vanguard S&P 500 ETF has gathered $651 million in its asset base. It tracks the S&P 500 Index and holds 506 stocks in its basket, each accounting for no more than 7.5% of the assets. Vanguard S&P 500 ETF is heavy on the information technology sector while consumer discretionary, healthcare and industrials round off its next three 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 3.6 million shares. It has AUM of $325.4 billion and a Zacks ETF Rank #2 with a Medium risk outlook.
iShares Russell 2000 ETF (IWM - Free Report)
iShares Russell 2000 ETF has accumulated $533 million in its asset base. It is the largest and most popular ETF in the small-cap space, with AUM of $53.7 billion and an average daily volume of 26 million shares. iShares Russell 2000 ETF holds well-diversified 1,990 stocks in its basket and has key holdings in industrials, financials, healthcare, information technology and consumer discretionary (read: ETFs to Gain on a Strong Dollar).
iShares Russell 2000 ETF charges 19 bps in annual fees and has a Zacks ETF Rank #3 with a Medium risk outlook.