We analyzed mid-cap ETFs, which are funds with Assets Under Management (AUM) between $2 billion and $10 billion, to determine the funds with the largest change in net assets for the week, based on data from etfdb.com. We only considered non-leveraged funds.
Winners
SPDR Bloomberg High Yield Bond ETF JNK
JNK added $604.80 million in AUM for the week.
The SPDR Bloomberg High Yield Bond ETF provides exposure to corporate junk bonds, which are medium-rated bonds with a minimum maturity of one year.
JNK currently has $7.05 billion in AUM and an expense ratio of 0.4%. The fund holds positions in 32 companies, with the top 10 holdings comprising 60.30% of the fund.
Year-to-date, JNK has lost $749.68 billion in AUM.
First Trust NASDAQ-100 Technology Sector Index Fund QTEC
QTEC added $325.3 million in AUM for the week.
The First Trust NASDAQ-100 Technology Sector Index Fund is heavily focused on technology stocks but has a unique equal-weighted approach, meaning it is not dominated by the FAANG stocks.
QTEC currently has $2.99 billion in AUM and an expense ratio of 0.57%. The fund holds positions in 39 companies, with the top 10 holdings comprising 27.15% of the fund.
Year-to-date, QTEC has added $1.03 billion in AUM.
Losers
First Trust Dow Jones Internet Index Fund FDN
FDN lost $204.74 million in AUM for the week.
The First Trust Dow Jones Internet Index Fund provides exposure to companies that generate at least half of their revenue from the internet. While many of its holdings are tech companies, it offers more diversification than most tech-focused ETFs.
FDN currently has $6.02 billion in AUM and an expense ratio of 0.52%. The fund holds positions in 43 companies, with the top 10 holdings comprising 51.62% of the fund.
The fund’s largest holdings are Amazon.com, Inc. AMZN and Meta Platforms Inc. Class A META, accounting for 9.70% and 7.43% of the fund, respectively.
Year-to-date, FDN has added $1.09 billion in AUM.
SPDR S&P Oil & Gas Exploration & Production ETF XOP
XOP lost $175.73 million in AUM over the trailing week.
The SPDR S&P Oil & Gas Exploration & Production ETF provides exposure to the exploration and production subsector of the domestic oil market. Similar to other State Street products, it is equal weighted, offering a balanced option.
The fund has $3.82 billion in AUM and an expense ratio of 0.35%. XOP holds positions in 60 companies, with the top 10 holdings comprising 25.96% of the fund.
The fund’s largest holdings are SM Energy Company SM and Marathon Petroleum Corporation MPC, accounting for 2.74% and 2.73% of the fund, respectively.
Year-to-date, XOP has lost $1.09 billion in AUM.
Featured Photo by Matt Hardy on Unsplash
