We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties. You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies. In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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 in $6.2 billion in capital last week, taking year-to-date inflows to $464.2 billion. U.S. equity ETFs led the way higher with $6.7 billion in inflows, followed by $1.7 billion in international fixed-income ETFs and $267.8 million in leveraged ETFs, per etf.com.
SPDR S&P 500 ETF Trust (SPY - Free Report) , iShares Core S&P 500 ETF (IVV - Free Report) , Vanguard Total Stock Market ETF (VTI - Free Report) , Vanguard S&P 500 ETF (VOO - Free Report) and iShares 20+ Year Treasury Bond ETF (TLT - Free Report) dominated the top creation list last week.
Wall Street wrapped up the fifth consecutive week of gains. The S&P 500 Index and Dow Jones achieved new highs for the year, reaching levels last seen in March 2022 and February 2022, respectively. For the week, the S&P 500 gained 0.8%, whereas the Dow Jones rallied 2.4%. The Nasdaq Composite Index advanced 0.4% (read: 5 Top-Performing Leveraged ETFs of Blockbuster November).
Growing optimism that the Fed might be nearing the end of its rate hiking cycle on cooling has been driving the stocks. The latest data revealed that the personal consumption expenditure price index — the Federal Reserve’s inflation gauge — rose 3.5% year over year in October, down from a 3.7% annual gain in the prior month.
The confidence was further bolstered by comments from Fed Chair Jerome Powell that the central bank could cut rates starting in March. According to CME’s FedWatch tool, traders are pricing in a 70% chance for a rate cut by the U.S. central bank by next March.
SPDR S&P 500 ETF Trust is the top asset creator, pulling in $5.3 billion in capital. It tracks the S&P 500 Index and holds 503 stocks in its basket, with each accounting for no more than 7.3% of the assets. SPDR S&P 500 ETF Trust is heavy on the information technology sector with a 29% share, while financials, healthcare and consumer discretionary round off the next three spots with a double-digit allocation each (read: 5 Stocks That Powered S&P 500 ETF This Year).
SPDR S&P 500 ETF Trust charges investors 9 bps in annual fees and trades in an average daily volume of 75 million shares. It has an AUM of $435.8 billion and a Zacks ETF Rank #3 (Hold), with a Medium risk outlook.
iShares Core S&P 500 ETF has gathered $2.3 billion in capital. It tracks the S&P 500 Index and holds 503 stocks in its basket, each accounting for no more than 7.3% of the assets. iShares Core S&P 500 ETF is heavy on the information technology sector, while financials, healthcare and consumer discretionary round off its next three spots with a double-digit allocation each.
iShares Core S&P 500 ETF charges investors 3 bps in annual fees and trades in an average daily volume of 4.2 million shares. It has an AUM of $378.8 billion and a Zacks ETF Rank #2 (Buy), with a Medium risk outlook.
Vanguard Total Stock Market ETF gathered $1.6 billion in capital. It provides exposure to the broader stock market by tracking the CRSP US Total Market Index. Vanguard Total Stock Market ETF holds a large basket of well-diversified 3,793 stocks with key holdings in technology, consumer discretionary, industrials, healthcare and financials.
Vanguard Total Stock Market ETF charges 3 bps in fees per year from investors and trades in an average daily volume of 3.3 million shares. VTI has amassed $329.5 billion in its asset base and has a Zacks ETF Rank #2, with a Medium risk outlook.
Vanguard S&P 500 ETF has accumulated $1.3 billion in capital. It tracks the S&P 500 Index and holds 507 stocks in its basket, each accounting for no more than 7.1% 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.
Vanguard S&P 500 ETF charges investors 3 bps in annual fees and trades in an average daily volume of 4.4 million shares. It has an AUM of $355.1 billion and a Zacks ETF Rank #2, with a Medium risk outlook.
iShares 20+ Year Treasury Bond ETF has accumulated $975.4 million in its asset base. It provides exposure to long-term Treasury bonds by tracking the ICE U.S. Treasury 20+ Years Bond Index. iShares 20+ Year Treasury Bond ETF holds 41 securities in its basket and charges 15 bps in annual fees. It has an average maturity of 25.66 years and an effective duration of 16.82 years (read: Treasury ETFs on Track for Best Month Since March).
TLT is one of the most popular and liquid ETFs in the bond space, with an AUM of $46 billion and an average daily volume of 48 million shares. iShares 20+ Year Treasury Bond ETF has a Zacks ETF Rank #4 (Sell), with a High risk outlook.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
5 ETFs That Garnered Investors' Love Last Week
Overall, ETFs pulled in $6.2 billion in capital last week, taking year-to-date inflows to $464.2 billion. U.S. equity ETFs led the way higher with $6.7 billion in inflows, followed by $1.7 billion in international fixed-income ETFs and $267.8 million in leveraged ETFs, per etf.com.
SPDR S&P 500 ETF Trust (SPY - Free Report) , iShares Core S&P 500 ETF (IVV - Free Report) , Vanguard Total Stock Market ETF (VTI - Free Report) , Vanguard S&P 500 ETF (VOO - Free Report) and iShares 20+ Year Treasury Bond ETF (TLT - Free Report) dominated the top creation list last week.
Wall Street wrapped up the fifth consecutive week of gains. The S&P 500 Index and Dow Jones achieved new highs for the year, reaching levels last seen in March 2022 and February 2022, respectively. For the week, the S&P 500 gained 0.8%, whereas the Dow Jones rallied 2.4%. The Nasdaq Composite Index advanced 0.4% (read: 5 Top-Performing Leveraged ETFs of Blockbuster November).
Growing optimism that the Fed might be nearing the end of its rate hiking cycle on cooling has been driving the stocks. The latest data revealed that the personal consumption expenditure price index — the Federal Reserve’s inflation gauge — rose 3.5% year over year in October, down from a 3.7% annual gain in the prior month.
The confidence was further bolstered by comments from Fed Chair Jerome Powell that the central bank could cut rates starting in March. According to CME’s FedWatch tool, traders are pricing in a 70% chance for a rate cut by the U.S. central bank by next March.
We have detailed the ETFs below:
SPDR S&P 500 ETF Trust (SPY - Free Report)
SPDR S&P 500 ETF Trust is the top asset creator, pulling in $5.3 billion in capital. It tracks the S&P 500 Index and holds 503 stocks in its basket, with each accounting for no more than 7.3% of the assets. SPDR S&P 500 ETF Trust is heavy on the information technology sector with a 29% share, while financials, healthcare and consumer discretionary round off the next three spots with a double-digit allocation each (read: 5 Stocks That Powered S&P 500 ETF This Year).
SPDR S&P 500 ETF Trust charges investors 9 bps in annual fees and trades in an average daily volume of 75 million shares. It has an AUM of $435.8 billion and a Zacks ETF Rank #3 (Hold), with a Medium risk outlook.
iShares Core S&P 500 ETF (IVV - Free Report)
iShares Core S&P 500 ETF has gathered $2.3 billion in capital. It tracks the S&P 500 Index and holds 503 stocks in its basket, each accounting for no more than 7.3% of the assets. iShares Core S&P 500 ETF is heavy on the information technology sector, while financials, healthcare and consumer discretionary round off its next three spots with a double-digit allocation each.
iShares Core S&P 500 ETF charges investors 3 bps in annual fees and trades in an average daily volume of 4.2 million shares. It has an AUM of $378.8 billion and a Zacks ETF Rank #2 (Buy), with a Medium risk outlook.
Vanguard Total Stock Market ETF (VTI - Free Report)
Vanguard Total Stock Market ETF gathered $1.6 billion in capital. It provides exposure to the broader stock market by tracking the CRSP US Total Market Index. Vanguard Total Stock Market ETF holds a large basket of well-diversified 3,793 stocks with key holdings in technology, consumer discretionary, industrials, healthcare and financials.
Vanguard Total Stock Market ETF charges 3 bps in fees per year from investors and trades in an average daily volume of 3.3 million shares. VTI has amassed $329.5 billion in its asset base and has a Zacks ETF Rank #2, with a Medium risk outlook.
Vanguard S&P 500 ETF (VOO - Free Report)
Vanguard S&P 500 ETF has accumulated $1.3 billion in capital. It tracks the S&P 500 Index and holds 507 stocks in its basket, each accounting for no more than 7.1% 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.
Vanguard S&P 500 ETF charges investors 3 bps in annual fees and trades in an average daily volume of 4.4 million shares. It has an AUM of $355.1 billion and a Zacks ETF Rank #2, with a Medium risk outlook.
iShares 20+ Year Treasury Bond ETF (TLT - Free Report)
iShares 20+ Year Treasury Bond ETF has accumulated $975.4 million in its asset base. It provides exposure to long-term Treasury bonds by tracking the ICE U.S. Treasury 20+ Years Bond Index. iShares 20+ Year Treasury Bond ETF holds 41 securities in its basket and charges 15 bps in annual fees. It has an average maturity of 25.66 years and an effective duration of 16.82 years (read: Treasury ETFs on Track for Best Month Since March).
TLT is one of the most popular and liquid ETFs in the bond space, with an AUM of $46 billion and an average daily volume of 48 million shares. iShares 20+ Year Treasury Bond ETF has a Zacks ETF Rank #4 (Sell), with a High risk outlook.