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Small Cap ETF Surges Close To Yearly Highs, Despite Big Recent Outflows

Analyst Paul Weisbruch of Street One Financial brings us his daily fund flows update, which today points out some big bullish moves major equity funds in spite of recent outflows from these products.

Thursday’s trading pre-lunch has been met with skyrocketing Small-Caps (IWM up over 1.3%) and new all-time intraday highs in the QQQ and SPY, and an SPX that has finally convincingly broken through 2300 (2309 presently).

As we have mentioned however, SPY has seen some position trimming into this recent move, with over $5 billion exiting the fund via redemptions. Likewise, IWM has seen about $1 billion flow out as well into this pop in equities.

On the inflows side, GLD (SPDR Gold) leads all ETFs in inflows lately (more than $1.1 billion in). The largest gold-focused ETF has had a nice pop off of its 50 day MA in the past ten trading sessions or so, before a small decline today.

XLV (SPDR Healthcare) is also posting some impressive inflows this week relative to the fund’s typical activity, with more than $1 billion in. Top holdings in XLV are JNJ, PFE and MRK, and the fund is now trading at its highest levels today since early January.

The iShares Russell 2000 Index ETF (NYSE:IWM) was trading at $137.11 per share on Thursday afternoon, up $2.11 (+1.56%). Year-to-date, IWM has gained 1.68%, versus a 3.22% rise in the benchmark S&P 500 index during the same period.

IWM currently has an ETF Daily News SMART Grade of A (Strong Buy), and is ranked #1 of 28 ETFs in the Small Cap Blend ETFs category.

Disclaimer: The content of this article is excerpted from a daily newsletter from Street One Financial. While ETF Daily News may edit the contents and add a relevant title to the piece, the author, Paul Weisbruch, does not endorse or recommend any issuer or security mentioned herein.

About the Author: Paul Weisbruch

paul-weisbruchPaul Weisbruch is the VP of ETF/Options Sales and Trading at Street One Financial. Prior to joining the team at Street One, Paul served as the Director of RIA and Institutional ETF Sales at RevenueShares ETFs from December 2007 until November of 2009. Before RevenueShares, Paul was employed by Susquehanna International Group from 2000 until 2007 serving in roles including OTC/NYSE Institutional Block Trading, Nasdaq/OTC Market Making, ETF/Derivatives Intelligence and Strategy, Algorithmic Trading, as well as acting as the PHLX Floor Specialist in the ETFs, SPY and DIA.Paul has been actively involved in the ETF space from both a product and trading standpoint since 2000. Additionally, Paul has well forged relationships with national RIAs, institutional pension fund managers and consultants, mutual fund and hedge fund managers, and also the ETF media. Co-authoring the “S1F ETF Daily” since 2009, the daily piece has become a must for many portfolio managers in the ETF space, with segments regularly appearing in the likes of Barron’s, WSJ, and for instance.

He holds his Series 4 (Registered Options Principal), 6, 7, 55 (Equity Trader), 63, and 65 licenses. He graduated from the University of Pittsburgh (B.S. – Economics), graduating magna cum laude, and has an MBA from Villanova University.

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