Hedge funds and institutional investors stepped in to buy last week’s market pullback even as outflows from the technology sector hit multi-year lows, according to a report by Investing.com, citing Bank of America’s latest client-flow report. The S&P 500 declined 1.9% over the week, but overall client flows turned positive as $4.8bn moved into equity ETFs, marking a sixth consecutive week of ETF buying. Single stocks saw $3.2bn in outflows, extending a month-long selling streak. Hedge funds were the largest net buyers, adding to both ETFs and individual equities. Institutional clients also bought the dip, driven entirely by ETF allocations. Private clients, usually consistent dip-buyers, were net sellers for a third straight week as stock sales outweighed ETF purchases. Tech remained the main pressure point, posting its sixth consecutive week of outflows. BofA said rolling four-week tech flows are now at their weakest levels since June 2021 when measured against sector market cap.