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ETFs Added $32B in April as Inflows Outpace 2023
ETF Investing Tools
ETF Investing Tools
Sumit Roy
38 min read

In This Article:

Investors added a net $31.2 billion to U.S.-listed exchange-traded funds last month, a decline from the extraordinarily hot March inflows, while at the same time keeping flows on pace to beat last year's total.

The new money brought year-to-date inflows to $227.6 billion, higher than the $146.8 billion brought in by this same time a year ago.

April inflows were evenly distributed among fund categories, with solid inflows for U.S. and international equity ETFs, as well as U.S. and international fixed income ETFs.

In terms of individual ETFs, the usual suspects, like the Vanguard 500 Index Fund (VOO) and the iShares Core U.S. Aggregate Bond ETF (AGG) topped the flows charts, with inflows of $7.7 billion and $3.2 billion, respectively.

The iShares Bitcoin Trust (IBIT) pulled in $1.6 billion of fresh assets, despite the price of bitcoin sliding. IBIT’s streak of 71 straight days of inflows ended in April, but it’s still on the cusp of becoming the largest spot bitcoin ETF soon.

Another notable flows winner during May was the Pacer U.S. Cash Cows 100 ETF (COWZ), which had inflows of $1.3 billion. The value exchange-traded fund has been one of the biggest ETF success stories of all time. It has $22 billion in AUM currently.

SPY, GBTC Shed Assets

On the other side of the ledger, the SPDR S&P 500 ETF Trust (SPY) led all ETFs with outflows of $15.5 billion.

The iShares iBoxx USD Investment Grade Corporate Bond ETF (LQD) and the iShares Russell 2000 ETF (IWM) followed behind with outflows of $3.3 billion and $2.9 billion, respectively.

Inflows in all funds dipped from what was an out-of-the-ordinary total of $101.2 million in flows in March—a month of record-high stocks fueled by artificial intelligence companies, as well as investors pouring billions into crytpo ETFs. Stocks sold off during April, with the S&P 500 falling more than 5% from its recent highs.

SPY and IWM are among the most popular ETFs for short-term traders, so it’s no surprise to see them shed assets in a down month for the markets.

Meanwhile, in contrast to the aforementioned IBIT, the Grayscale Bitcoin Trust (GBTC) had large outflows of $2.5 billion in May.

Another month of similar sized outflows for the Grayscale ETF will almost certainly put IBIT ahead of GBTC in terms of AUM.

For a full list of the top inflows and outflows for April, see the tables below:

 

Top Gainers April 2024

Ticker

Name

Issuer

Net Flows ($, mm)

AUM ($, mm)

% of AUM

YTD 2024 Net Flows($,M)

VOO

Vanguard 500 Index Fund

Vanguard

7,690.72

430,823.28

1.79

31,616.56%

AGG

iShares Core U.S. Aggregate Bond ETF

Blackrock

3,210.63

105,270.59

3.05

8,059.17%

VUG

Vanguard Growth ETF

Vanguard

2,648.92

118,094.84

2.24

5,402.41%

VTI

Vanguard Total Stock Market ETF

Vanguard

2,623.42

379,859.83

0.69

10,615.59%

RSP

Invesco S&P 500 Equal Weight ETF

Invesco

2,228.14

54,453.44

4.09

3,379.20%

IBIT

iShares Bitcoin Trust

Blackrock

1,615.67

17,534.63

9.21

15,478.42%

VGT

Vanguard Information Technology ETF

Vanguard

1,521.95

64,967.58

2.34

3,255.08%

COWZ

Pacer U.S. Cash Cows 100 ETF

Pacer Advisors

1,304.31

22,854.90

5.71

3,233.56%

SOXL

Direxion Daily Semiconductor Bull 3X Shares

Direxion

1,282.34

10,782.19

11.89

225.55%

IEFA

iShares Core MSCI EAFE ETF

Blackrock

1,278.54

113,401.15

1.13

3,864.29%



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