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ETFs across various categories pulled in $22.7 billion in capital last week, pushing year-to-date inflows to $462 billion. U.S. equity ETFs led the way with $9.1 billion in inflows, followed by $4 billion in inflows for international equity and U.S. fixed-income ETFs each.
Wall Street dropped last week on jitters sparked by escalating conflict between Israel and Iran. The Dow Jones fell 1.3%, the S&P 500 dipped 0.4% and the Nasdaq Composite Index lost 0.6%. The tensions in the Middle East escalated after Israel launched a wave of airstrikes on Iran, triggering a sharp sell-off across global markets.
Gold surged on rising safe-haven demand. The yellow metal serves as a hedge against market turmoil and is often used as a means of preserving wealth during times of financial and political uncertainty, typically performing well when other asset classes struggle.
In the latest data, Americans have started to feel optimistic about the economy, as the initial shock from steep tariffs begins to wear off and inflation pressures ease. U.S. consumer sentiment climbed in June for the first time in six months, offering a glimmer of optimism amid lingering policy uncertainty. According to preliminary data from the University of Michigan’s Surveys of Consumers, the Consumer Sentiment Index jumped to 60.5, up from 52.2 in May and well above economists’ expectations of 53.6. The rebound follows one of the lowest sentiment readings on record in May (read: Consumer Rebound Boosts Outlook for Discretionary ETFs).
Vanguard S&P 500 ETF is the top asset creator, pulling in $14.4 billion in capital. It tracks the S&P 500 Index and holds 506 stocks in its basket, each accounting for no more than 6.8% of the assets. Vanguard S&P 500 ETF is heavy on the information technology sector, while financials and consumer discretionary round off the next two spots with a double-digit allocation each.
Vanguard S&P 500 ETF charges investors 3 bps in annual fees. It has an AUM of $684.9 billion and trades in an average daily volume of 7 million shares. VOO sports a Zacks ETF Rank #1 (Strong Buy) with a Medium risk outlook.
SPDR S&P 500 ETF Trust has accumulated $4.9 billion in its asset base. It tracks the S&P 500 Index and holds 503 stocks in its basket, with each accounting for no more than 7% of the assets. SPDR S&P 500 ETF Trust is heavy on the information technology sector with a 32.2% share, whereas financials and consumer discretionary round off the next two spots with a double-digit allocation each.
SPDR S&P 500 ETF Trust charges investors 9 bps in annual fees and trades in an average daily volume of 71 million shares. It has an AUM of $619.3 billion and a Zacks ETF Rank #2 (Buy) with a Medium risk outlook (read: S&P 500 ETFs Hover Near Record Highs: 5 Stocks Aiding the Rally).
iShares Russell 2000 ETF has gathered $1.9 billion in its asset base. It is the largest and most popular ETF in the small-cap space, with an AUM of $64.3 billion and an average daily volume of 31 million shares. iShares Russell 2000 ETF holds well-diversified 1,933 stocks in its basket, and has key holdings in financials, industrials, healthcare and information technology.
Vanguard Total Bond Market ETF saw an inflow of $1.6 billion. It targets the broad U.S. investment-grade bond market by tracking the Bloomberg U.S. Aggregate Float Adjusted Index. The product holds 11,380 securities in its basket with an average maturity and effective duration of 8.2 years and 5.8 years, respectively.
Vanguard Total Bond Market ETF is the largest bond ETF with AUM of $128.9 billion and charges 3 bps in annual fees. It trades in average daily volume of 7 million shares.
Vanguard Tax-Exempt Bond ETF has accumulated $1.5 billion in its asset base. It follows the S&P National AMT-Free Municipal Bond Index, which measures the performance of the investment-grade segment of the U.S. municipal bond market. Vanguard Tax-Exempt Bond ETF holds 9,737 bonds in its basket with an effective maturity of 13.8 years and an average duration of 7.1 years.
With AUM of $37.1 billion, Vanguard Tax-Exempt Bond ETF trades in a solid volume of around 8 million shares and has an expense ratio of 0.03%. The product has a Zacks ETF Rank #3 (Hold) with a Medium risk outlook.
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5 ETFs That Gained Investors' Love Last Week
ETFs across various categories pulled in $22.7 billion in capital last week, pushing year-to-date inflows to $462 billion. U.S. equity ETFs led the way with $9.1 billion in inflows, followed by $4 billion in inflows for international equity and U.S. fixed-income ETFs each.
Vanguard S&P 500 ETF (VOO - Free Report) , SPDR S&P 500 ETF Trust (SPY - Free Report) , iShares Russell 2000 ETF (IWM - Free Report) , Vanguard Total Bond Market ETF (BND - Free Report) and Vanguard Tax-Exempt Bond ETF (VTEB - Free Report) dominated the top creation list last week.
Wall Street dropped last week on jitters sparked by escalating conflict between Israel and Iran. The Dow Jones fell 1.3%, the S&P 500 dipped 0.4% and the Nasdaq Composite Index lost 0.6%. The tensions in the Middle East escalated after Israel launched a wave of airstrikes on Iran, triggering a sharp sell-off across global markets.
Gold surged on rising safe-haven demand. The yellow metal serves as a hedge against market turmoil and is often used as a means of preserving wealth during times of financial and political uncertainty, typically performing well when other asset classes struggle.
In the latest data, Americans have started to feel optimistic about the economy, as the initial shock from steep tariffs begins to wear off and inflation pressures ease. U.S. consumer sentiment climbed in June for the first time in six months, offering a glimmer of optimism amid lingering policy uncertainty. According to preliminary data from the University of Michigan’s Surveys of Consumers, the Consumer Sentiment Index jumped to 60.5, up from 52.2 in May and well above economists’ expectations of 53.6. The rebound follows one of the lowest sentiment readings on record in May (read: Consumer Rebound Boosts Outlook for Discretionary ETFs).
We have detailed the ETFs below.
Vanguard S&P 500 ETF (VOO - Free Report)
Vanguard S&P 500 ETF is the top asset creator, pulling in $14.4 billion in capital. It tracks the S&P 500 Index and holds 506 stocks in its basket, each accounting for no more than 6.8% of the assets. Vanguard S&P 500 ETF is heavy on the information technology sector, while financials and consumer discretionary round off the next two spots with a double-digit allocation each.
Vanguard S&P 500 ETF charges investors 3 bps in annual fees. It has an AUM of $684.9 billion and trades in an average daily volume of 7 million shares. VOO sports a Zacks ETF Rank #1 (Strong Buy) with a Medium risk outlook.
SPDR S&P 500 ETF Trust (SPY - Free Report)
SPDR S&P 500 ETF Trust has accumulated $4.9 billion in its asset base. It tracks the S&P 500 Index and holds 503 stocks in its basket, with each accounting for no more than 7% of the assets. SPDR S&P 500 ETF Trust is heavy on the information technology sector with a 32.2% share, whereas financials and consumer discretionary round off the next two spots with a double-digit allocation each.
SPDR S&P 500 ETF Trust charges investors 9 bps in annual fees and trades in an average daily volume of 71 million shares. It has an AUM of $619.3 billion and a Zacks ETF Rank #2 (Buy) with a Medium risk outlook (read: S&P 500 ETFs Hover Near Record Highs: 5 Stocks Aiding the Rally).
iShares Russell 2000 ETF (IWM - Free Report)
iShares Russell 2000 ETF has gathered $1.9 billion in its asset base. It is the largest and most popular ETF in the small-cap space, with an AUM of $64.3 billion and an average daily volume of 31 million shares. iShares Russell 2000 ETF holds well-diversified 1,933 stocks in its basket, and has key holdings in financials, industrials, healthcare and information technology.
iShares Russell 2000 ETF charges 19 bps in annual fees and has a Zacks ETF Rank #1 with a Medium risk outlook (read: Small Business Optimism Grows: What's Ahead for ETFs?).
Vanguard Total Bond Market ETF (BND - Free Report)
Vanguard Total Bond Market ETF saw an inflow of $1.6 billion. It targets the broad U.S. investment-grade bond market by tracking the Bloomberg U.S. Aggregate Float Adjusted Index. The product holds 11,380 securities in its basket with an average maturity and effective duration of 8.2 years and 5.8 years, respectively.
Vanguard Total Bond Market ETF is the largest bond ETF with AUM of $128.9 billion and charges 3 bps in annual fees. It trades in average daily volume of 7 million shares.
Vanguard Tax-Exempt Bond ETF (VTEB - Free Report)
Vanguard Tax-Exempt Bond ETF has accumulated $1.5 billion in its asset base. It follows the S&P National AMT-Free Municipal Bond Index, which measures the performance of the investment-grade segment of the U.S. municipal bond market. Vanguard Tax-Exempt Bond ETF holds 9,737 bonds in its basket with an effective maturity of 13.8 years and an average duration of 7.1 years.
With AUM of $37.1 billion, Vanguard Tax-Exempt Bond ETF trades in a solid volume of around 8 million shares and has an expense ratio of 0.03%. The product has a Zacks ETF Rank #3 (Hold) with a Medium risk outlook.