The SPDR S&P 500 ETF Trust (SPY) saw a massive influx of $3.3 billion on Wednesday, pushing its assets under management to $620.9 billion, as reported by FactSet. This surge in inflows coincided with the S&P 500 inching closer to its February record high of 6,147.43, closing at 6,092.16.
In addition to SPY, other ETFs also experienced significant inflows. The Invesco QQQ Trust (QQQ) attracted $1.5 billion as the Nasdaq-100 index rose by 0.21%. The iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) collected $685.7 million, while the iShares iBoxx $ High Yield Corporate Bond ETF (HYG) pulled in $495.8 million. The VanEck Semiconductor ETF (SMH) also gained $353 million.
On the flip side, the Vanguard Mid-Cap ETF (VO) saw outflows of $1.1 billion, while the SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) lost $834.2 million, and the Vanguard S&P 500 ETF (VOO) experienced outflows of $771 million.
In terms of asset allocation, U.S. equity ETFs gained $1.4 billion, U.S. fixed-income ETFs attracted $2.9 billion, and international equity ETFs pulled in $1.4 billion. Overall, ETFs gained a total of $6.8 billion for the day.
Looking at the top ETFs by net flows, SPY led the pack with $3,307.20 million in net flows, followed by QQQ with $1,484.69 million, LQD with $685.71 million, HYG with $495.75 million, and SMH with $353.04 million.
Disclaimer: All data is accurate as of 6 a.m. Eastern time on the date of publication. Market data is subject to revision and correction by the exchanges. For more information, you can visit the original article on ETF.com.
