SPHD, PKW: Big ETF Outflows
updated Friday, February 9, 10:50 AM
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the PowerShares S&P 500 High Dividend Low Volatility Portfolio, where 16,850,000 units were destroyed, or a 19.6% decrease week over week. Among the largest underlying components of SPHD, in morning trading today PPL Corporation is up about 1.7%, and Southern Company is higher by about 1.3%.
And on a percentage change basis, the ETF with the biggest outflow was the PowerShares BuyBack Achievers Portfolio, which lost 13,700,000 of its units, representing a 36.7% decline in outstanding units compared to the week prior. Among the largest underlying components of PKW, in morning trading today Charter Communications is up about 1.7%, and Disney is higher by about 0.8%.
For MarketNewsVideo.com, I'm Sayoko Murase