SPLV, WEBS: Big ETF Outflows
updated Thursday, March 12, 10:55 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 Invesco S&P 500 Low Volatility ETF, where 7,650,000 units were destroyed, or a 3.5% decrease week over week. Among the largest underlying components of SPLV, in morning trading today Duke Energy is off about 6%, and Eversource Energy is lower by about 5.7%.
And on a percentage change basis, the ETF with the biggest outflow was the WEBS ETF, which lost 50,000 of its units, representing a 33.3% decline in outstanding units compared to the week prior.
For MarketNewsVideo.com, I'm Sayoko Murase