Investors are once again piling up U.S.-listed exchange-traded funds at a record pace, led by the Invesco QQQ Trust Series (NASDAQ:QQQ), which has recorded its third-largest 21-day inflow in its history. This highlights a renewed wave of investor demand for equities.

QQQ Record-Breaking Inflows

Data shared by The Kobeissi Letter, in a Tuesday’s post, showed that the Invesco QQQ Trust Series (NASDAQ:QQQ) has attracted roughly $10 billion in inflows over the past 21 days. This marks the largest inflow since October 2025 and the third-largest 21-day inflow on record.

The solid accumulation comes after $11 billion in outflows recorded in March, the highest in at least four years, indicating the sharp reversal in sentiment.

QQQ tracks the Nasdaq 100 Index, which wrapped up April with its largest monthly advance of 15.64% since October 2002. The ETF has $439.8 billion in assets under management (AUM) and charges 0.18% in annual fees. It trades in an average daily volume of 41.3 million shares.

Broad-Based Surge Across U.S. ETFs

The renewed demand is well spread across broad sectors. U.S.-listed ETFs collectively pulled in $174 billion in April alone, outpacing inflows in all other global regions. Year-to-date, inflows have reached about $673 billion.

Vanguard S&P 500 ETF (NYSE:VOO), which tracks the S&P 500 Index, was the top-performing fund, pulling in $25 billion during April and $47 billion so far this year.

The recent influx into equity ETFs is further illustrated by the substantial capital flow into S&P 500 ETFs, which collectively garnered approximately $16.9 billion last week, despite a volatile macroeconomic landscape. Notably, the iShares Core S&P 500 ETF (NYSE:IVV) led the charge with inflows of $7.08 billion, closely followed by VOO at $5.36 billion and the SPDR S&P 500 ETF Trust (NYSE:SPY) with $4.46 billion.

Record ETF Inflows Signal Market Rebound

This surge in inflows comes amid a broader trend, as investors have rapidly shifted capital back into U.S. equity markets, with total equity ETF inflows exceeding $100 billion since the March 30 market low. In the first three weeks of April, average daily inflows reached a record $7.5 billion, reflecting a substantial increase from the March average of just $2.9 billion.

Benzinga Edge Stock Rankings indicate that QQQ has a Momentum score in the 74th percentile with a strong price trend in the short, medium and long term.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by a Benzinga editor.

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