ETFs Added $32B in April as Inflows Outpace 2023

Senior ETF Analyst

May 02, 2024

Reviewed by: etf.com Staff

Edited by: Ron Day

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%

Top Gainers (Year-to-Date)

Ticker	Name	Issuer	Net Flows ($, mm)	AUM ($, mm)	% of AUM	May 2024 Net Flows($,M)
VOO	Vanguard 500 Index Fund	Vanguard	31,616.56	430,823.28	7.34	7,690.72%
IBIT	iShares Bitcoin Trust	Blackrock	15,478.42	17,534.63	88.27	1,615.67%
IVV	iShares Core S&P 500 ETF	Blackrock	12,275.13	440,895.24	2.78	-771.78%
VTI	Vanguard Total Stock Market ETF	Vanguard	10,615.59	379,859.83	2.79	2,623.42%
QQQ	Invesco QQQ Trust	Invesco	8,654.89	251,260.24	3.44	-465.20%
FBTC	Fidelity Wise Origin Bitcoin Fund	Fidelity	8,160.90	9,809.16	83.20	666.28%
AGG	iShares Core U.S. Aggregate Bond ETF	Blackrock	8,059.17	105,270.59	7.66	3,210.63%
DYNF	BlackRock U.S. Equity Factor Rotation ETF	Blackrock	7,240.89	7,435.56	97.38	461.77%
SPLG	SPDR Portfolio S&P 500 ETF	State Street Global Advisors	6,132.75	33,817.32	18.13	1,268.98%
VUG	Vanguard Growth ETF	Vanguard	5,402.41	118,094.84	4.57	2,648.92%

Biggest Losers (April 2024)

Ticker	Name	Issuer	Net Flows ($, mm)	AUM ($, mm)	% of AUM	YTD 2024 Net Flows($,M)
SPY	SPDR S&P 500 ETF Trust	State Street Global Advisors	-15,547.09	505,487.46	-3.08	-24,747.59%
LQD	iShares iBoxx USD Investment Grade Corporate Bond ETF	Blackrock	-3,339.00	28,154.95	-11.86	-2,044.46%
IWM	iShares Russell 2000 ETF	Blackrock	-2,887.10	58,807.63	-4.91	-7,518.79%
GBTC	Grayscale Bitcoin Trust ETF	Digital Currency Group, Inc.	-2,521.97	18,969.79	-13.29	-17,089.55%
HYG	iShares iBoxx USD High Yield Corporate Bond ETF	Blackrock	-2,367.17	14,298.29	-16.56	-4,498.88%
VCSH	Vanguard Short-Term Corporate Bond ETF	Vanguard	-1,483.79	33,755.73	-4.40	-1,253.43%
XLV	Health Care Select Sector SPDR Fund	State Street Global Advisors	-1,281.19	37,880.36	-3.38	-820.43%
XLP	Consumer Staples Select Sector SPDR Fund	State Street Global Advisors	-1,232.32	14,240.41	-8.65	-1,712.20%
ACWI	iShares MSCI ACWI ETF	Blackrock	-1,149.55	17,935.67	-6.41	-2,108.08%
SPTS	SPDR Portfolio Short Term Treasury ETF	State Street Global Advisors	-1,022.66	4,259.11	-24.01	-1,262.37%

Biggest Losers (Year-to-Date)

Ticker	Name	Issuer	Net Flows ($, mm)	AUM ($, mm)	% of AUM	May 2024 Net Flows($,M)
SPY	SPDR S&P 500 ETF Trust	State Street Global Advisors	-24,747.59	505,487.46	-4.90	-15,547.09%
GBTC	Grayscale Bitcoin Trust ETF	Digital Currency Group, Inc.	-17,089.55	18,969.79	-90.09	-2,521.97%
IWM	iShares Russell 2000 ETF	Blackrock	-7,518.79	58,807.63	-12.79	-2,887.10%
HYG	iShares iBoxx USD High Yield Corporate Bond ETF	Blackrock	-4,498.88	14,298.29	-31.46	-2,367.17%
USMV	iShares MSCI USA Min Vol Factor ETF	Blackrock	-3,931.20	23,716.71	-16.58	-108.36%
IWD	iShares Russell 1000 Value ETF	Blackrock	-3,544.65	54,219.32	-6.54	-170.73%
TFLO	iShares Treasury Floating Rate Bond ETF	Blackrock	-3,410.54	6,967.67	-48.95	197.08%
GLD	SPDR Gold Trust	State Street Global Advisors	-2,918.03	62,673.99	-4.66	183.63%
XLU	Utilities Select Sector SPDR Fund	State Street Global Advisors	-2,795.20	11,896.89	-23.50	-549.02%
VGSH	Vanguard Short-Term Treasury ETF	Vanguard	-2,640.25	19,303.47	-13.68	-745.99%

Asset Classes (April 2024)

	Net Flows ($, mm)	AUM ($, mm)	% of AUM
Alternatives	95.97	7,583.92	1.27%
Asset Allocation	126.60	17,527.00	0.72%
Commodities	790.47	142,317.96	0.56%
Currency	-88.00	57,488.43	-0.15%
International Equity	4,237.49	1,448,661.28	0.29%
International Fixed Income	6,877.69	189,596.65	3.63%
Inverse	-635.74	13,685.12	-4.65%
Leveraged	1,347.87	90,494.30	1.49%
U.S. Equity	10,395.82	5,346,111.22	0.19%
U.S. Fixed Income	8,016.54	1,358,515.30	0.59%
Total:	31,164.71	8,671,981.18	0.36%

Asset Classes (Year-to-Date)

	Net Flows ($, mm)	AUM ($, mm)	% of AUM
Alternatives	749.28	7,583.92	9.88%
Asset Allocation	145.12	17,527.00	0.83%
Commodities	-4,418.62	142,317.96	-3.10%
Currency	12,399.89	57,488.43	21.57%
International Equity	31,970.76	1,448,661.28	2.21%
International Fixed Income	16,402.33	189,596.65	8.65%
Inverse	-834.12	13,685.12	-6.10%
Leveraged	-539.15	90,494.30	-0.60%
U.S. Equity	122,158.53	5,346,111.22	2.28%
U.S. Fixed Income	49,520.44	1,358,515.30	3.65%
Total:	227,554.47	8,671,981.18	2.62%

April 2024 ETF Brand League Table

Brand	AUM ($, mm)	Net Flows ($, mm)	% of AUM	YTD 2024 Net Flows($,M)
iShares	2,764,930.41	22,825.23	0.83%	36,594.20
Vanguard	2,567,056.37	16,652.38	0.65%	65,520.74
SPDR	1,309,413.74	24,540.10	1.87%	-2,288.08
Invesco	509,173.22	7,194.45	1.41%	21,048.26
Schwab	342,179.51	2,177.02	0.64%	4,728.78
JPMorgan	150,136.99	3,441.66	2.29%	10,385.94
First Trust	139,482.85	592.53	0.42%	986.62
Dimensional	134,138.42	3,444.39	2.57%	9,126.65
WisdomTree	77,971.30	598.49	0.77%	2,018.08
VanEck	77,421.82	2,585.53	3.34%	4,923.39
ProShares	72,286.98	451.41	0.62%	-4,358.65
Fidelity	68,843.10	3,633.69	5.28%	10,974.38
Global X	46,332.33	1,296.97	2.80%	2,004.79
Pacer	43,259.93	1,395.51	3.23%	5,236.50
Direxion	41,413.19	-12.84	-0.03%	-1,167.79
Avantis	40,052.48	1,208.52	3.02%	4,124.76
Goldman Sachs	34,528.97	-148.82	-0.43%	-140.50
PIMCO	25,418.94	505.99	1.99%	1,458.77
FT Vest	24,964.49	1,051.98	4.21%	2,946.85
Capital Group	24,903.75	1,321.66	5.31%	4,267.61
Grayscale	23,014.42	-6,853.99	-29.78%	-14,566.64
BlackRock	21,293.41	4,263.73	20.02%	8,182.17
Xtrackers	21,123.77	-243.74	-1.15%	-23.45
FlexShares	21,073.05	-369.54	-1.75%	-573.51
Innovator	18,260.39	-27.86	-0.15%	51.99
ARK	16,734.74	248.45	1.48%	402.30
Franklin	15,883.43	574.69	3.62%	905.52
Janus Henderson	14,820.77	1,071.60	7.23%	2,688.13
Nuveen	9,210.88	-322.55	-3.50%	-100.07
REX Microsectors	9,193.93	57.25	0.62%	153.87
Amplify	8,989.14	-68.26	-0.76%	-568.17
Alerian	8,500.55	138.85	1.63%	245.13
VictoryShares	7,788.37	25.19	0.32%	73.37
abrdn	7,244.42	-18.70	-0.26%	46.98
PGIM	7,101.80	453.00	6.38%	491.20
KraneShares	6,968.66	-188.51	-2.71%	55.64
John Hancock	6,696.51	6.06	0.09%	95.54
BNY Mellon	5,953.35	51.19	0.86%	227.57
ALPS	4,721.79	65.89	1.40%	544.09
Hartford	4,720.82	6.23	0.13%	-204.82
US Benchmark Series	4,306.71	84.30	1.96%	250.27
IndexIQ	4,107.98	11.46	0.28%	-102.98
Principal	4,077.74	132.80	3.26%	126.19
Simplify	4,066.98	316.87	7.79%	849.86
GraniteShares	3,933.81	1,230.62	31.28%	1,624.78
Alpha Architect	3,879.29	473.72	12.21%	1,318.53
T. Rowe Price	3,495.53	338.17	9.67%	742.38
Invesco DB	3,474.82	-114.37	-3.29%	-190.34
American Century	3,197.14	-89.21	-2.79%	122.19
Cambria	2,840.64	434.08	15.28%	574.06
US Commodity Funds	2,822.02	67.67	2.40%	-303.79
BondBloxx	2,723.93	216.85	7.96%	196.35
Columbia	2,701.98	165.53	6.13%	471.35
AB Funds	2,546.55	101.81	4.00%	1,050.59
Allianz	2,409.11	-241.33	-10.02%	385.76
Main Funds	2,339.00	33.15	1.42%	103.41
Bitwise	2,287.28	430.57	18.82%	1,546.22
Sprott	2,273.62	-91.92	-4.04%	9.87
YieldMax	2,232.70	276.86	12.40%	901.69
Putnam	2,209.10	107.25	4.86%	205.25
Aptus	1,955.66	59.13	3.02%	100.99
Distillate	1,917.09	66.69	3.48%	165.32
AdvisorShares	1,887.11	35.85	1.90%	310.49
Eagle	1,800.92	11.36	0.63%	11.36
Volatility Shares	1,635.20	858.49	52.50%	974.17
ROBO Global	1,596.61	-19.86	-1.24%	-32.39
Harbor	1,574.23	96.95	6.16%	196.80
Motley Fool	1,565.38	2.72	0.17%	32.70
Vident	1,515.06	-69.10	-4.56%	15.56
Inspire	1,492.06	-2.64	-0.18%	21.51
Defiance	1,486.66	30.11	2.03%	121.39
Neos	1,458.74	248.32	17.02%	605.21
US Global	1,440.94	-107.20	-7.44%	-464.86
Virtus	1,428.82	92.12	6.45%	245.10
Bridgeway	1,381.59	46.97	3.40%	106.64
Strive	1,354.49	46.28	3.42%	178.74
SEI	1,280.24	-12.31	-0.96%	1,075.27
ActivePassive	1,228.32	49.53	4.03%	330.04
Eaton Vance	1,135.28	514.04	45.28%	562.14
Davis	1,130.59	3.87	0.34%	9.40
DoubleLine	1,098.82	25.52	2.32%	149.09
Kovitz	1,074.70	5.03	0.47%	20.80
ETRACS	1,044.17	0.00	0.00%	0.00
Roundhill	979.22	77.09	7.87%	183.74
CCM	977.57	12.86	1.32%	786.14
iM	965.29	126.05	13.06%	163.43
Strategy Shares	909.20	-27.69	-3.05%	-71.53
Neuberger Berman	896.93	86.88	9.69%	100.36
Meridian	892.43	7.63	0.86%	17.01
Timothy	890.28	24.61	2.76%	7.47
iPath	869.65	50.78	5.84%	3.05
SP Funds	837.72	59.76	7.13%	150.85
Quadratic	826.12	-41.75	-5.05%	-94.06
SoFi	817.12	22.08	2.70%	62.61
HCM	789.22	23.03	2.92%	48.58
TCW	755.05	12.37	1.64%	-123.41
T-Rex	754.98	298.27	39.51%	646.60
Day Hagan	740.50	16.40	2.21%	2.81
Valkyrie	737.35	360.36	48.87%	532.87
RPAR	730.09	-1.02	-0.14%	-4.39
LeaderShares	716.61	104.61	14.60%	-105.57
AXS Investments	708.20	-14.05	-1.98%	-11.05
Horizons	680.10	90.07	13.24%	-53.46
Angel Oak	655.50	53.61	8.18%	330.15
Cabana	587.34	-29.71	-5.06%	88.77
Gotham	580.92	-3.36	-0.58%	2.73
Bahl & Gaynor	577.55	29.62	5.13%	47.12
The Brinsmere Funds	559.18	1.23	0.22%	17.38
Calvert	549.57	24.85	4.52%	41.60
Tortoise	536.67	-2.79	-0.52%	-82.34
InfraCap	529.39	7.62	1.44%	23.36
Credit Suisse	519.84	-6.94	-1.34%	-19.41
Wahed	504.93	23.84	4.72%	73.27
FCF Advisors	469.51	-0.17	-0.04%	34.47
Monarch	444.80	177.49	39.90%	191.96
Brookstone	439.52	-1.84	-0.42%	36.77
GMO	437.93	132.57	30.27%	366.06
Oneascent	418.35	24.32	5.81%	52.02
ClearBridge	406.49	13.43	3.30%	23.75
ClearShares	395.87	12.31	3.11%	-14.31
Nationwide	390.28	-10.58	-2.71%	-44.03
AAM	370.48	17.94	4.84%	48.01
EMQQ	363.67	-10.45	-2.87%	-37.61
Touchstone	356.40	11.61	3.26%	30.31
Vert	348.76	2.86	0.82%	10.92
Matthews	343.54	6.40	1.86%	-5.81
Bushido	340.03	6.59	1.94%	14.21
Barclays	339.84	13.47	3.96%	16.95
CastleArk	339.56	-14.31	-4.21%	-14.34
Overlay Shares	333.59	-1.69	-0.51%	-66.94
Teucrium	298.06	4.74	1.59%	-14.94
Adaptive	297.80	4.92	1.65%	0.24
FundX	297.05	-1.51	-0.51%	-2.03
Panagram	294.60	22.50	7.64%	67.18
TrueShares	286.63	-15.52	-5.42%	35.28
Natixis	282.29	34.30	12.15%	168.30
USCF Advisers	277.14	4.18	1.51%	2.69
Opus Capital Management	270.17	14.03	5.19%	27.27
Tidal ETFs	260.42	-1.61	-0.62%	-4.27
PlanRock	257.24	6.97	2.71%	128.82
Madison	256.98	-2.61	-1.02%	-4.57
Congress	244.67	33.63	13.75%	109.41
Return Stacked	242.33	37.68	15.55%	103.47
Mohr Funds	241.08	-5.56	-2.31%	-13.51
Swan	239.88	8.86	3.69%	18.38
AGF	232.71	-11.81	-5.07%	-9.04
Anfield	232.21	9.87	4.25%	-6.14
STF	230.65	1.18	0.51%	1.05
Burney	228.69	0.00	0.00%	2.46
Brandes	220.07	31.42	14.28%	108.58
Fairlead	217.90	-2.31	-1.06%	-5.76
Federated Hermes	210.40	38.80	18.44%	76.32
UBS	206.81	0.00	0.00%	0.00
Core Alternative	205.33	-32.05	-15.61%	-38.58
RiverFront	204.70	-1.20	-0.58%	-4.68
Little Harbor Advisors	201.06	-0.10	-0.05%	-2.78
CornerCap	199.69	0.01	0.01%	1.22
WBI Shares	198.86	4.09	2.06%	-4.94
Renaissance	197.74	4.18	2.11%	-25.93
Summit Global Investments	194.67	-8.72	-4.48%	-32.53
SRH	192.03	0.00	0.00%	0.00
Syntax	185.80	-1.86	-1.00%	-9.21
Euclidean	185.49	0.00	0.00%	0.61
Saba	181.27	2.00	1.10%	12.46
BrandywineGLOBAL	177.16	-1.38	-0.78%	-2.64
Adasina	174.90	3.51	2.01%	15.25
Agility Shares	166.51	2.85	1.71%	5.59
Thrivent	164.19	-5.65	-3.44%	-13.30
REX	161.06	44.75	27.78%	138.70
Gadsden	152.47	-38.80	-25.45%	-0.34
Siren	147.92	-2.09	-1.41%	-3.06
Beyond	147.42	-0.49	-0.33%	-3.22
Ballast	141.71	3.65	2.58%	15.37
Humankind	141.26	0.00	0.00%	0.02
ROC	138.38	4.42	3.19%	49.06
Knowledge Leaders Capital	137.00	-0.02	-0.01%	-2.15
Zacks	136.66	4.31	3.15%	35.13
Max	130.22	0.00	0.00%	50.24
SoundWatch Capital	128.51	1.30	1.01%	1.91
Rayliant	128.32	6.18	4.82%	4.33
Tema	125.26	12.23	9.76%	50.41
Segall Bryant & Hamill	123.49	17.46	14.14%	59.48
American Beacon	122.84	-1.19	-0.97%	26.68
Donoghue Forlines	121.73	-0.67	-0.55%	3.95
Hennessy	121.26	-7.10	-5.85%	55.56
Applied Finance	108.91	4.03	3.70%	24.92
Polen	105.25	32.89	31.25%	62.27
Conductor Fund	105.23	-3.63	-3.45%	-2.98
Rareview Funds	105.06	4.57	4.35%	6.04
Strategas	104.42	-3.33	-3.19%	-3.45
Hoya	102.02	4.54	4.45%	7.57
Impact Shares	97.90	-0.94	-0.96%	-1.90
DB	95.29	0.00	0.00%	-2.06
First Manhattan	92.54	0.14	0.15%	0.44
MarketDesk	91.86	0.00	0.00%	0.00
FPA	91.78	19.20	20.92%	30.45
Q3	86.64	3.74	4.32%	9.41
Leuthold	85.85	4.96	5.78%	4.15
ERShares	85.03	1.52	1.78%	1.52
Absolute	84.48	0.72	0.86%	0.76
ACV	83.62	2.01	2.40%	-4.28
Astoria	82.89	1.15	1.39%	4.91
Alexis	81.42	0.28	0.34%	2.64
Subversive	80.49	36.59	45.46%	56.10
ArrowShares	78.16	0.00	0.00%	-2.55
Faith Investor Services	77.51	1.87	2.41%	15.29
Altshares	74.12	8.24	11.12%	2.01
Spear	74.12	1.59	2.14%	54.28
Convergence	73.86	15.44	20.90%	32.26
Sterling Capital	71.79	1.52	2.12%	1.52
CrossingBridge Funds	71.30	1.07	1.50%	2.55
F/m	70.98	2.49	3.51%	42.60
Parametric	68.94	15.93	23.11%	21.10
Logan	66.09	-0.01	-0.01%	-1.01
IDX	65.31	5.30	8.11%	13.50
Breakwave	63.52	0.53	0.83%	-6.64
Keating	62.24	0.00	0.00%	0.00
Nicholas	62.09	-1.95	-3.14%	9.84
Sphere	61.23	-1.80	-2.94%	-2.97
Hilton	60.93	0.58	0.96%	38.62
NETL	60.50	-1.75	-2.89%	-1.68
Miller	59.40	10.93	18.39%	15.05
Regents Park	58.93	-2.90	-4.92%	-6.81
EA Series Trust	57.91	0.53	0.91%	7.35
Cambiar Funds	57.57	0.34	0.60%	0.34
Adaptiv	57.10	0.33	0.58%	-1.66
Argent	56.57	3.34	5.90%	4.86
Alger	55.29	0.58	1.06%	2.27
Formidable	55.15	-2.53	-4.59%	-3.09
Academy	52.30	0.50	0.96%	0.50
SmartETFs	52.26	-0.31	-0.59%	-1.33
Aztlan	50.78	-0.54	-1.06%	-1.61
THOR	50.10	-1.07	-2.14%	-3.11
Goose Hollow	49.67	-0.69	-1.38%	-6.64
Western Asset	49.07	0.02	0.04%	-8.03
McElhenny Sheffield	48.56	2.04	4.21%	4.17
Texas Capital	48.01	2.71	5.65%	24.03
Hull	44.84	2.92	6.52%	3.86
Acquirers Fund	44.13	-1.86	-4.22%	-1.00
Leatherback	43.67	-0.65	-1.50%	-5.13
Range	43.53	14.80	34.01%	25.66
ZEGA	43.39	0.00	0.00%	-7.09
SonicShares	43.39	-0.78	-1.80%	6.27
UVA	43.12	-1.09	-2.54%	-2.20
Discipline Funds	40.12	1.12	2.80%	2.45
Gabelli	39.89	1.07	2.67%	3.46
Foundations	39.77	2.70	6.79%	34.44
Meet Kevin	39.77	-2.03	-5.09%	-2.68
Sovereign's	37.98	1.73	4.55%	6.76
Regan	37.80	32.63	86.32%	36.38
Procure	37.74	0.00	0.00%	-1.69
AOT	36.86	0.00	0.00%	2.82
Sparkline	34.90	1.12	3.20%	1.93
Trajan	34.29	-0.45	-1.31%	-1.96
Martin Currie	34.11	-1.56	-4.58%	-1.56
Sound Income Strategies	33.92	0.46	1.35%	1.84
India	33.87	4.86	14.36%	19.74
Guru	33.72	-0.82	-2.42%	-3.18
Calamos	33.28	-3.46	-10.39%	12.86
Innovative Portfolios	33.24	0.00	0.00%	-0.48
RAM	33.15	0.04	0.12%	1.54
AlphaMark	32.88	0.00	0.00%	1.47
Affinity	32.69	0.00	0.00%	0.00
Validus	31.68	0.00	0.00%	0.00
Cultivar	30.70	-0.50	-1.64%	-0.50
Bancreek	30.24	0.98	3.24%	23.29
QRAFT	30.08	3.35	11.15%	2.35
Themes	28.45	16.54	58.14%	19.10
Counterpoint	27.38	3.66	13.37%	10.59
Carbon Collective	26.44	2.37	8.97%	3.77
Pinnacle	26.33	0.00	0.00%	4.24
Tactical Funds	26.23	0.00	0.00%	1.26
WealthTrust	24.69	0.51	2.06%	5.60
FMQQ	24.68	1.47	5.97%	3.72
Veridien	24.00	0.57	2.36%	0.57
Clough	23.05	1.18	5.13%	6.27
PMV	22.60	-1.60	-7.07%	-1.60
	22.49	22.52	100.11%	22.52
Vesper	22.16	-0.08	-0.35%	-7.19
Point Bridge Capital	21.81	0.00	0.00%	0.00
Clockwise Capital	21.18	0.64	3.01%	1.78
MUSQ	19.78	1.48	7.50%	4.48
GGM	19.38	0.27	1.38%	3.74
Mairs & Power	19.35	0.90	4.63%	1.12
Bridges	19.25	0.27	1.42%	0.00
DGA	18.13	0.00	0.00%	0.52
Alternative Access	17.45	2.50	14.33%	5.00
Robinson	15.79	-1.03	-6.52%	-2.05
Macquarie	15.64	0.00	0.00%	0.00
ATAC	15.61	0.00	0.00%	-0.36
Relative Sentiment	14.85	0.28	1.86%	0.81
Ionic	14.15	0.49	3.45%	1.45
Grizzle	13.84	-0.58	-4.22%	-1.43
The Future Fund	13.70	-0.45	-3.31%	1.13
Capital Link	13.26	-0.82	-6.16%	-0.82
Tuttle	11.48	2.64	22.97%	10.33
Hashdex	11.03	-16.21	-147.06%	0.88
LAFFER TENGLER	10.88	2.68	24.66%	2.67
Morgan Dempsey	10.63	5.50	51.76%	-4.95
RiverNorth	8.75	0.00	0.03%	-0.78
Build	8.69	0.58	6.65%	-8.61
Nifty	7.83	0.00	0.00%	0.88
Democracy	7.72	0.00	0.00%	0.00
Dynamic	7.36	0.00	0.00%	0.00
CoreValues Alpha	7.33	0.00	0.00%	0.00
Acruence	7.24	0.00	0.00%	-23.72
Altrius	7.03	-0.33	-4.67%	-0.33
ETFB	6.60	-0.47	-7.15%	-0.47
Cullen	6.45	5.06	78.57%	5.06
MKAM	6.39	0.00	0.00%	0.27
Lyrical	6.30	-0.75	-11.93%	-0.75
VegTech	6.01	0.00	0.00%	0.00
IQ Funds	5.82	0.00	0.00%	0.00
Armada ETF Advisors	5.60	0.01	0.11%	-0.94
Blue Horizon	5.12	0.00	0.00%	0.00
Honeytree	4.89	0.30	6.23%	1.44
Kurv	4.85	-0.38	-7.87%	1.28
Vest	4.83	0.00	0.00%	0.00
Brendan Wood	4.72	0.00	0.00%	0.62
ICE BofAML	4.47	0.00	0.00%	0.00
Reverb ETF	4.10	0.00	0.00%	0.00
iMGP	3.91	0.82	20.91%	2.42
USCF	3.86	0.00	0.00%	0.00
Hypatia Capital	3.49	0.01	0.16%	0.01
Horizon	3.49	0.00	0.01%	0.00
X-Square	3.41	0.00	0.00%	0.00
Jacob	3.28	0.00	0.00%	0.00
Newday	2.95	0.00	0.00%	0.00
KP Funds	2.91	0.00	0.01%	0.00
Arch Indices	2.15	0.00	0.00%	1.57
CRIT	2.01	-0.17	-8.69%	-0.17
WHITEWOLF	2.01	0.57	28.36%	0.57
Akros	1.95	0.24	12.32%	0.23
Langar	1.93	0.00	0.03%	1.62
Kingsbarn	1.73	-0.57	-33.09%	-0.57
iREIT	1.52	1.49	97.88%	1.49
New Capital	1.15	0.00	0.00%	-0.78
KARB	0.81	0.26	31.85%	0.26
DriveWealth	0.78	0.00	0.00%	0.00
Cboe Vest	0.70	0.00	0.00%	0.62
Onefund	0.00	0.00	0.00%	0.00

May 2024 ETF Issuer League Table

Issuer	AUM ($, mm)	Net Flows ($, mm)	% of AUM	YTD 2024 Net Flows($,M)
Blackrock	2,713,080.38	-0.44	0.00%	44,775.93
Vanguard	2,514,669.64	18,773.49	0.75%	84,294.23
State Street Global Advisors	1,264,946.87	-15,789.15	-1.25%	-18,077.22
Invesco	501,736.66	3,920.52	0.78%	24,778.45
Charles Schwab	333,668.99	1,356.98	0.41%	6,085.76
AJM Ventures LLC	161,721.20	1,175.46	0.73%	5,108.93
JPMorgan Chase	150,449.11	3,794.38	2.52%	14,180.32
Dimensional Holdings	133,758.19	3,207.12	2.40%	12,333.76
VanEck	77,279.48	-465.54	-0.60%	4,457.85
WisdomTree	76,872.62	177.20	0.23%	2,195.28
Fidelity	69,184.17	2,825.31	4.08%	13,799.70
ProShares	67,030.72	-1,500.50	-2.24%	-5,859.15
Mirae Asset Global Investments Co., Ltd.	46,656.97	1,080.64	2.32%	3,090.63
Pacer Advisors	43,519.92	1,796.92	4.13%	7,033.42
American Century Investments	43,330.77	1,022.92	2.36%	5,269.86
Direxion	38,672.34	1,190.36	3.08%	22.57
Goldman Sachs	33,694.74	-81.71	-0.24%	-222.21
PIMCO	28,789.63	1,353.76	4.70%	3,198.29
The Capital Group Companies	25,818.38	1,441.85	5.58%	5,709.46
DWS	20,889.56	-62.90	-0.30%	-88.41
Northern Trust	20,785.54	-117.61	-0.57%	-691.12
Digital Currency Group, Inc.	18,976.63	-2,523.39	-13.30%	-17,090.03
Innovator	18,249.21	165.92	0.91%	217.90
Franklin Templeton	16,619.58	509.58	3.07%	1,426.62
Janus Henderson	15,904.40	1,232.36	7.75%	3,920.49
ARK Investment Management LP	14,495.66	-483.04	-3.33%	-104.02
SS&C	12,811.98	117.24	0.92%	378.75
Alpha Architect	9,505.05	689.26	7.25%	3,140.13
BMO	9,045.27	50.39	0.56%	254.50
Amplify Investments	8,887.65	75.08	0.84%	-493.09
Nuveen Securities	8,787.44	-4.59	-0.05%	-104.66
CICC	8,068.63	-299.32	-3.71%	-337.75
Abrdn Plc	7,870.28	150.21	1.91%	197.18
Victory Capital Holdings, Inc.	7,662.42	74.41	0.97%	147.78
Prudential	7,415.15	325.98	4.40%	817.19
Toroso Investments	7,061.81	646.52	9.16%	1,939.97
John Hancock	6,477.88	16.46	0.25%	112.01
BNY Mellon	5,835.66	67.58	1.16%	295.15
The Hartford	4,687.62	78.35	1.67%	-126.47
1251 Capital Group Inc.	4,628.62	261.46	5.65%	554.33
Simplify Asset Management Inc.	4,121.98	118.58	2.88%	968.44
New York Life	4,027.06	0.21	0.01%	-102.77
Principal	4,009.66	40.90	1.02%	167.08
Exchange Traded Concepts	3,937.63	-30.41	-0.77%	61.46
GraniteShares	3,838.94	148.14	3.86%	1,772.92
T. Rowe Price Group, Inc.	3,565.28	145.84	4.09%	888.23
US Commodity Funds	3,227.98	34.89	1.08%	-266.21
Envestnet	2,834.78	1,651.41	58.26%	1,981.44
Bondbloxx Investment Management LLC	2,810.76	115.39	4.11%	311.74
Columbia Management Investment Advisers, LLC	2,767.87	114.22	4.13%	585.58
Equitable Holdings	2,690.47	169.33	6.29%	1,219.93
Cambria	2,447.15	-347.94	-14.22%	226.12
Sprott, Inc.	2,411.19	45.89	1.90%	55.76
Main Management	2,290.28	22.87	1.00%	126.28
Power Corporation of Canada	2,272.50	125.51	5.52%	330.77
Bitwise Asset Management, Inc.	2,227.36	221.38	9.94%	1,789.99
Aptus Capital Advisors	2,038.00	265.88	13.05%	449.35
Morgan Stanley	1,990.12	262.30	13.18%	887.13
Virtus Investment Partners	1,916.51	52.92	2.76%	322.57
Distillate Capital	1,875.73	41.60	2.22%	206.92
Eagle Capital Management LLC	1,814.63	17.71	0.98%	29.07
Neos Investments LLC	1,770.71	349.28	19.73%	954.49
AdvisorShares	1,742.29	66.11	3.79%	376.59
UBS	1,738.01	5.24	0.30%	-14.16
Volatility Shares LLC	1,660.38	304.74	18.35%	1,278.91
ORIX	1,610.38	75.18	4.67%	271.98
Inspire Impact Group LLC	1,515.12	72.29	4.77%	93.80
The Motley Fool	1,509.66	-3.37	-0.22%	29.33
MM VAM LLC	1,470.14	-7.08	-0.48%	8.48
US Global Investors	1,407.81	-12.34	-0.88%	-477.20
Defiance ETFs	1,400.06	4.68	0.33%	118.51
SEI Investments	1,230.52	0.71	0.06%	1,075.98
Barclays Capital Inc.	1,198.97	-70.43	-5.87%	-50.43
Eurazeo SA	1,193.54	68.75	5.76%	296.87
Davis Advisers	1,146.33	20.47	1.79%	29.87
Doubleline ETF Holdings LP	1,106.63	42.56	3.85%	191.65
Focus Financial Partners	1,037.74	-2.28	-0.22%	18.52
Neuberger Berman	965.97	67.87	7.03%	168.23
Timothy Plan	860.41	-0.11	-0.01%	7.36
Rational Advisors Inc.	854.03	-17.92	-2.10%	-89.45
Roundhill Investments	808.02	23.96	2.97%	154.87
Tuttle Tactical Management, LLC	773.73	67.92	8.78%	725.81
Howard Capital Management, Inc.	758.11	0.00	0.00%	48.58
The TCW Group, Inc.	730.06	-8.26	-1.13%	-131.66
Angel Oak Cos. LLC	706.12	55.03	7.79%	385.18
Day Hagan Asset Management	692.01	-24.44	-3.53%	-21.62
Horizon Kinetics LLC	683.67	-3.30	-0.48%	-56.75
SR Partners LLC	674.17	-11.80	-1.75%	-20.50
Smith Capital Investors LLC	666.70	30.98	4.65%	554.02
Valkyrie Investments, Inc.	664.80	-9.69	-1.46%	523.19
Tortoise	593.79	53.73	9.05%	-28.61
Grantham, Mayo, Van Otterloo & Co. LLC	587.83	155.25	26.41%	521.31
Bahl & Gaynor, Inc.	585.16	20.69	3.54%	67.81
Redwood Investment Management	560.77	-132.03	-23.54%	-237.59
Sausalito Partners LLC	558.97	-13.28	-2.38%	25.13
Estate Counselors LLC	545.46	0.18	0.03%	17.56
Wahed Invest LLC	515.76	23.73	4.60%	97.00
Aptus Holdings LLC	491.89	41.88	8.51%	-9.16
AmeriLife Group LLC	443.59	12.20	2.75%	48.97
Kingsview Partners LLC	442.84	13.45	3.04%	205.41
CI Financial Corp.	428.27	17.04	3.98%	74.49
Oneascent Holdings LLC	415.93	7.77	1.87%	59.79
ClearShares LLC	391.22	0.00	0.00%	-14.31
Sun Life Financial	377.99	17.37	4.60%	65.38
Nationwide	373.13	-8.13	-2.18%	-52.16
Western & Southern Mutual Holding Co.	372.63	23.32	6.26%	53.63
David Young & Sandra G. Glain Family Trust	350.52	-4.61	-1.32%	16.87
Matthews International Capital Management	346.46	0.47	0.14%	-5.34
Eldridge Industries LLC	336.78	41.24	12.25%	108.42
Vert Asset Management LLC	336.70	5.62	1.67%	16.54
CastleArk Management LLC	327.89	-0.10	-0.03%	-14.43
Liquid Strategies	314.21	-5.07	-1.61%	-72.00
Truemark Group	300.52	12.17	4.05%	46.67
Teucrium	294.90	-17.67	-5.99%	-32.61
Cavalier16	292.65	2.44	0.83%	2.68
Natixis	278.31	8.20	2.95%	176.50
AGF	264.07	23.41	8.86%	14.36
Lagan Holding Co. Trust	262.57	29.87	11.37%	139.28
Madison Investment Holdings	248.46	-2.38	-0.96%	-6.95
PlanRock Wealth Management LLC	246.99	-5.37	-2.18%	123.45
Swan Global Investments	243.85	9.65	3.96%	28.03
Brandes Worldwide Holdings	239.63	25.71	10.73%	134.29
Stf Management LP	225.15	2.28	1.01%	3.33
Retireful LLC	221.51	-13.08	-5.91%	-26.59
Federated Hermes, Inc.	217.30	11.32	5.21%	87.64
Cary Street Partners Financial LLC /VA/	210.24	1.06	0.50%	-4.70
CornerCap Investment Counsel, Inc.	192.37	-0.54	-0.28%	0.69
Little Harbor Advisors	188.88	-5.42	-2.87%	-8.19
REX Shares LLC	188.84	37.59	19.91%	176.29
Summit Global LLC	188.16	-1.33	-0.71%	-33.86
WBI	185.84	-4.23	-2.28%	-9.17
Paralel Technologies LLC	182.05	0.05	0.03%	0.05
Syntax Advisors	179.42	0.00	0.00%	-9.21
Renaissance Capital	177.88	-5.47	-3.07%	-31.40
The Greenwood Trust	169.50	37.50	22.13%	72.63
Rayliant Investment Research	163.36	36.86	22.56%	41.20
Toews Corp.	161.03	-2.13	-1.33%	3.46
Core Alternative Capital	153.92	-48.98	-31.83%	-87.57
Thrivent Financial for Lutherans	150.26	-4.92	-3.27%	-18.22
Running Oak Capital LLC	143.04	9.72	6.80%	58.78
SRN Advisors	139.80	1.63	1.16%	-1.44
Inverdale Capital Management LLC	139.61	1.88	1.34%	17.24
Humankind USA LLC	136.35	0.00	0.00%	0.02
Intangible Capital	131.53	0.02	0.02%	-2.13
Soundwatch Capital LLC	125.45	0.00	0.00%	1.91
Dawn Global Topco Ltd.	120.52	4.65	3.86%	55.06
Community Capital Management, Inc.	115.22	2.48	2.15%	0.86
Hennessy Advisors	114.12	-3.37	-2.95%	52.19
Applied Finance Group	113.26	7.12	6.29%	32.04
Baird Financial Group	105.40	3.81	3.61%	0.36
Neil Azous Revocable Trust	102.71	0.86	0.84%	6.90
Pettee Investors	101.24	3.50	3.45%	11.06
First Pacific Advisors LP	100.12	11.26	11.25%	41.71
IronHorse Holdings	98.64	-2.58	-2.62%	-5.56
Subversive LLC	92.51	14.82	16.02%	70.92
Beyond Investing	90.96	0.00	0.00%	3.36
First Manhattan Co.	89.74	0.28	0.31%	0.72
Q3 Asset Management Corp.	84.11	1.96	2.33%	11.37
The Leuthold Group LLC	83.72	0.00	0.00%	4.15
Convergence Investment Partners, LLC	83.59	10.23	12.23%	42.48
Absolute Investment Advisers LLC	82.86	-0.76	-0.91%	0.00
Ridgeline Research LLC	82.56	1.99	2.42%	-2.28
EntrepreneurShares, LLC	82.12	0.00	0.00%	1.52
Alexis Investment Partners LLC	79.76	0.27	0.34%	2.92
Arrow Funds	78.69	1.08	1.37%	-1.47
Faith Investor Services, LLC	75.34	0.27	0.36%	15.56
Water Island Capital Partners LP	74.45	1.38	1.86%	3.40
OBP Capital LLC	73.95	-0.54	-0.73%	-4.69
Resolute Investment Managers, Inc.	72.57	0.12	0.16%	26.80
Spear Advisors LLC	71.74	0.24	0.34%	54.52
Cohanzick Management	70.83	-0.86	-1.21%	1.70
Truist	66.70	1.46	2.18%	2.98
IDX Advisors LLC	66.01	4.42	6.70%	17.92
Logan Capital Management Inc.	63.12	0.00	0.00%	-1.01
Alger Associates Inc	62.48	6.99	11.18%	9.26
GeaSphere LLC	59.10	0.00	0.00%	-2.97
Cambriar Holdings	58.39	1.14	1.96%	1.48
Miller Value Partners LLC	58.09	1.89	3.26%	16.94
Client First Investment Management LLC	56.13	0.56	1.00%	-1.10
ETFMG	54.96	-5.18	-9.42%	-11.82
Sammons Enterprises, Inc.	53.66	0.00	0.00%	0.00
Formidable Asset Management	52.74	-0.60	-1.13%	-3.68
Infrastructure Capital Advisors	51.40	0.00	0.00%	-1.20
Guinness Atkinson Asset Management	50.88	0.00	0.00%	-1.33
Goose Hollow Capital Management LLC	48.63	-0.68	-1.39%	-7.32
Thor Analytics LLC	48.40	-0.26	-0.55%	-3.38
Texas Capital Bancshares, Inc.	47.86	0.50	1.03%	24.52
Sound Capital Solutions LLC	45.25	45.66	100.91%	45.66
ETF Series Solutions	45.00	1.85	4.12%	0.85
Hull Investments LLC	43.61	0.00	0.01%	3.86
Impact Shares	43.60	0.92	2.10%	-1.85
Obra Capital, Inc.	41.52	1.40	3.37%	1.40
Regan Capital, LLC	40.98	3.16	7.70%	39.54
ShariaPortfolio, Inc.	40.84	1.16	2.83%	20.06
GAMCO Investors, Inc.	39.76	0.67	1.69%	4.13
Sovereign's Capital Management LLC	37.29	1.38	3.69%	8.13
ProcureAM	34.08	-0.80	-2.36%	-2.49
Calamos Family Partners	34.01	1.92	5.65%	14.78
Split Rock Private Trading & Wealth Management LLC	32.75	32.86	100.31%	32.86
Reflection Asset Management, LLC	32.70	0.82	2.50%	2.36
Sheaff Brock Capital Management LLC	31.96	0.00	0.00%	-0.48
AlphaMark Advisors	31.63	0.00	0.00%	1.47
Cultivar Capital, Inc.	30.56	0.51	1.66%	0.00
Counterpoint Mutual Funds LLC	30.47	3.43	11.26%	14.03
ETP Holdings	26.62	0.19	0.73%	19.29
WealthTrust Asset Management LLC	24.84	0.77	3.09%	6.36
Clough Capital Partners LLC	23.63	0.69	2.93%	6.96
PMV Capital LLC	22.80	0.27	1.20%	-1.32
Alternative Access Funds LLC	22.56	5.00	22.15%	10.00
Clockwise Capital LLC	22.07	1.29	5.86%	3.08
Point Bridge Capital	21.19	0.00	0.00%	0.00
Ot Advisors LLC	20.61	-2.30	-11.15%	20.22
Mairs & Power, Inc.	19.43	0.44	2.27%	1.56
Grant/GrossMendelsohn LLC	19.22	0.27	1.40%	4.01
Westwood Holdings Group, Inc.	18.69	18.44	98.64%	18.44
Macquarie Group Ltd	15.79	0.00	0.00%	0.00
Future Fund Advisors	13.35	0.00	0.00%	1.13
Carbon Collective Investing LLC	10.03	10.01	99.77%	10.01
Public Trust Advisors LLC	8.97	8.99	100.14%	8.99
Democracy Investment Management LLC	7.54	0.00	-0.02%	0.00
Build Asset Management LLC	7.48	-1.16	-15.51%	-9.77
Power Financial Corp.	7.39	0.00	0.00%	0.00
Cullen Capital Management LLC	6.33	0.00	-0.01%	5.06
Dynamic Shares LLC	5.80	-1.39	-24.07%	-1.39
VegTech LLC	5.65	0.00	0.00%	0.00
Kurv Investment Management LLC	5.61	0.91	16.26%	2.19
Lyrical Asset Management GP	5.24	-0.75	-14.29%	-1.50
Distribution Cognizant LLC	4.00	0.00	0.00%	0.00
X-Square Capital	3.38	0.00	0.00%	0.00
Cboe Vest Financial LLC	3.34	-2.47	-74.00%	-1.85
Hypatia Capital Group LLC	3.06	-0.30	-9.81%	-0.29
Jacob Asset Management of New York LLC	2.90	0.00	0.00%	0.00
Arch Indices Investment Advisors LLC	2.13	0.00	0.00%	1.57
Langar Investment Management LLC	1.83	0.00	0.00%	1.62
Kingsbarn Capital Management LLC	1.71	0.00	0.00%	-0.57
Optimize Financial Inc.	1.02	1.00	98.35%	1.00
DriveWealth LLC	0.76	0.00	0.00%	0.00
Copper Place Global Capital LLC	0.00	0.00	0.00%	-5.20
ONEFUND LLC	0.00	0.00	0.00%	0.00
Milliman, Inc.	0.00	0.00	0.00%	0.00

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

Sumit Roy

| Contact: [email protected]

Sumit Roy is the senior ETF analyst for etf.com, where he has worked for 13 years. He creates a variety of content for the platform, including news articles, analysis pieces, videos and podcasts.

Before joining etf.com, Sumit was the managing editor and commodities analyst for Hard Assets Investor. In those roles, he was responsible for most of the operations of HAI, a website dedicated to education about commodities investing.

Though he still closely follows the commodities beat, Sumit covers a much broader assortment of topics for etf.com, with a particular focus on stock and bond exchange-traded funds.

He is the host of etf.com’s Talk ETFs, a popular video series that features weekly interviews with thought leaders in the ETF industry. Sumit is also co-host of Exchange Traded Fridays, etf.com’s weekly podcast series.

He lives in the San Francisco Bay Area, where he enjoys climbing the city’s steep hills, playing chess and snowboarding in Lake Tahoe.

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