ETFs Creeping Up Most Heavily Traded List

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Ask most folks on the street to name the 10 most heavily traded stocks on U.S. exchanges and chances are the lists will all be comprised of 10 stocks. It makes sense that many investors would assume Apple
AAPL
, Exxon Mobil
XOM
and General Electric
GE
dominated turnover at U.S. exchanges because these are widely held, highly recognizable names. However, half of the 10 most heavily traded securities on U.S. equity exchanges are not stocks at all. As
Barron's reported earlier today
, ETFs now account for five spots on the 10 most heavily traded list. The SPDR S&P 500
SPY
, the world's largest ETF by assets, had a consolidated turnover worth nearly $346 billion last month, Barron's reported, citing data from NYSE Arca. That made SPY number on the most heavily traded list, well ahead of Apple, the world's largest company by market value. The iShares Russell 2000 Index Fund
IWM
and the PowerShares QQQ
QQQ
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, occupy the third and fourth spots on the list, putting both ahead of number five Google
GOOG
, according to Barron's. The SPDR Gold Shares
GLD
, the world's second-largest ETF by AUM and the largest commodities fund, was in the sixth spot. For more on ETFs, click
here
.
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Posted In: NewsSector ETFsBroad U.S. Equity ETFsSpecialty ETFsBarron'sIntraday UpdateMarketsETFs
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