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SPY Attracts $1.5B in New Assets Despite Weak ADP Jobs Data

DJ Shaw

3 min read

The SPDR S&P 500 ETF Trust (SPY) pulled in $1.5 billion, boosting its assets under management to $608.5 billion, according to data provided by FactSet. The inflows came as the Dow Jones Industrial Average fell 0.2% after ADP reported private payrolls increased only 37,000 in May, well below the 110,000 forecast.

The iShares Core U.S. Aggregate Bond ETF (AGG) attracted $564.9 million, while the Vanguard Intermediate-Term Corporate Bond ETF (VCIT) gained $414.3 million. The iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) collected $299.8 million, and the VanEck Semiconductor ETF (SMH) pulled in $199.1 million.

The SPDR Portfolio S&P 500 ETF (SPLG) saw outflows of $399.6 million, while the Financial Select Sector SPDR Fund (XLF) lost $273.2 million. The iShares Core S&P 500 ETF (IVV) experienced outflows of $239.5 million, and the Invesco Large Cap Growth ETF (PWB) shed $228.7 million.

U.S. equity ETFs collected $2.4 billion in net inflows, while U.S. fixed-income ETFs gained $2.1 billion. International equity ETFs attracted $959.5 million, and currency ETFs pulled in $501.9 million. Overall, ETFs gained $6.6 billion on Wednesday, leading up to Friday's nonfarm payrolls report and amid concerns about economic growth.

Ticker

Name

Net Flows ($, mm)

AUM ($, mm)

AUM % Change

SPY

SPDR S&P 500 ETF Trust

1,519.71

608,529.99

0.25%

AGG

iShares Core U.S. Aggregate Bond ETF

564.85

124,607.95

0.45%

VCIT

Vanguard Intermediate-Term Corporate Bond ETF

414.30

53,310.35

0.78%

LQD

iShares iBoxx $ Investment Grade Corporate Bond ETF

299.82

30,356.39

0.99%

SGOV

iShares 0-3 Month Treasury Bond ETF

235.90

47,957.46

0.49%

BND

Vanguard Total Bond Market ETF

209.64

126,863.38

0.17%

SMH

VanEck Semiconductor ETF

199.07

23,313.95

0.85%

VTI

Vanguard Total Stock Market ETF

192.86

478,760.59

0.04%

HYG

iShares iBoxx $ High Yield Corporate Bond ETF

189.89

16,552.34

1.15%

XLK

Technology Select Sector SPDR Fund

189.13

74,033.78

0.26%

Ticker

Name

Net Flows ($, mm)

AUM ($, mm)

AUM % Change

SPLG

SPDR Portfolio S&P 500 ETF

-399.58

68,181.28

-0.59%

XLF

Financial Select Sector SPDR Fund

-273.24

49,272.10

-0.55%

IVV

iShares Core S&P 500 ETF

-239.54

587,471.96

-0.04%

PWB

Invesco Large Cap Growth ETF

-228.65

1,147.75

-19.92%

SOXL

Direxion Daily Semiconductor Bull 3x Shares

-210.80

12,043.73

-1.75%

ABFL

FCF US Quality ETF

-127.42

705.18

-18.07%

SHY

iShares 1-3 Year Treasury Bond ETF

-123.42

23,977.02

-0.51%

VTV

Vanguard Value ETF

-110.61

134,061.47

-0.08%

USHY

iShares Broad USD High Yield Corporate Bond ETF

-106.70

22,643.45

-0.47%

XLB

Materials Select Sector SPDR Fund

-105.21

4,745.35

-2.22%

Net Flows ($, mm)

AUM ($, mm)

% of AUM

Alternatives

23.61

10,019.70

0.24%

Asset Allocation

9.09

24,915.75

0.04%

Commodities ETFs

262.41

214,242.31

0.12%

Currency

501.88

144,317.48

0.35%

International Equity

959.47

1,800,893.53

0.05%

International Fixed Income

626.75

291,815.06

0.21%

Inverse

128.23

14,425.34

0.89%

Leveraged

-401.52

123,208.96

-0.33%

US Equity

2,429.62

6,852,269.09

0.04%

US Fixed Income

2,046.84

1,658,504.25

0.12%

Total:

6,586.38

11,134,611.45

0.06%

Disclaimer: All data as of 6 a.m. Eastern time the date the article is published. Data are believed to be accurate; however, transient market data are often subject to subsequent revision and correction by the exchanges.