The SPDR Portfolio S&P 500 High Dividend ETF (SPYD) saw a significant increase in assets on Wednesday, attracting $758.7 million and bringing its total assets under management to $7.8 billion. This influx of funds occurred as the S&P 500 experienced a slight decline of 0.1%, following comments from Federal Reserve Chair Jerome Powell indicating that the central bank is not yet prepared to implement rate cuts while assessing the impact of tariffs on inflation.
In addition to the SPYD, other ETFs also experienced notable inflows. The SPDR S&P 500 ETF Trust (SPY) garnered $1.3 billion, while the Invesco QQQ Trust (QQQ) collected $1.1 billion, primarily driven by the performance of tech stocks which lifted the Nasdaq-100 by 0.2%. The Invesco Buyback Achievers ETF (PKW) gained $448.4 million, and the Schwab Short-Term US Treasury ETF (SCHO) attracted $420.6 million.
However, not all ETFs saw positive inflows. The iShares Russell 2000 ETF (IWM) experienced outflows totaling $935.1 million, while the Direxion Daily Semiconductor Bull 3x Shares (SOXL) lost $309.9 million. The iShares MSCI ACWI ETF (ACWI) also saw outflows of $445.8 million, and the Vanguard Intermediate-Term Corporate Bond ETF (VCIT) shed $546.8 million.
Overall, U.S. equity ETFs amassed $5.1 billion in inflows on the day, while U.S. fixed-income funds gained $2.7 billion. Leveraged ETFs, however, posted outflows of $356.4 million as Powell’s remarks tempered expectations of a rate cut in September. In total, ETFs collectively accumulated $7.9 billion in inflows for the day.
For more detailed insights into ETF inflows and outflows for various tickers, the ETF Fund Flows tool provided by etf.com can be utilized.
In terms of the top creations and redemptions across all ETFs, the SPYD, SPY, QQQ, PKW, and SCHO were among the top creations, while IWM, VCIT, ACWI, SOXL, and EMB were among the top redemptions.
It is important to note that all data is accurate as of 6 a.m. Eastern time on the date of publication, with market data subject to revision and correction by the exchanges. For further information and insights, readers can visit the original article on etf.com.
