PDP, DGL: Big ETF Outflows

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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 DWA Momentum ETF, where 3,650,000 units were destroyed, or a 12.2% decrease week over week. Among the largest underlying components of PDP, in morning trading today Mastercard is trading flat, and Paycom Software is higher by about 0.5%.

And on a percentage change basis, the ETF with the biggest outflow was the Invesco DB Gold Fund, which lost 1,000,000 of its units, representing a 27.8% decline in outstanding units compared to the week prior. Among the largest underlying components of DGL, in morning trading today Meta Financial Group is down about 1.3%.

PDP, DGL: Big ETF Outflows VIDEO: PDP, DGL: Big ETF Outflows

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Investing Ideas
Referenced Symbols: PDP , DGL , MA , PAYC , CASH

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