Markets

FVD, EUMV: Big ETF Outflows

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Shutterstock photo

Shutterstock photo

Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the First Trust Value Line Dividend Index Fund ( FVD ), where 6,400,000 units were destroyed, or a 5.0% decrease week over week. Among the largest underlying components of FVD, in morning trading today Altria Group ( MO ) is off about 1%, and Otter Tail Corporation ( OTTR ) is lower by about 0.8%.

And on a percentage change basis, the ETF with the biggest outflow was the iShares Edge MSCI Min Vol Europe ETF ( EUMV ), which lost 850,000 of its units, representing a 37.0% decline in outstanding units compared to the week prior. Among the largest underlying components of EUMV, in morning trading today Ryanair Holdings ( RYAAY ) is up about 1.3%.

VIDEO: FVD, EUMV: 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.


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

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RYAAY EUMV FVD OTTR MO