FVD, URE: 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 First Trust Value Line Dividend Index Fund, where 3,250,000 units were destroyed, or a 2.4% decrease week over week. Among the largest underlying components of FVD, in morning trading today CH Robinson Worldwide is down about 1.4%, and Vectren is up by about 0.1%.

And on a percentage change basis, the ETF with the biggest outflow was the ProShares Ultra Real Estate, which lost 750,000 of its units, representing a 22.3% decline in outstanding units compared to the week prior. Among the largest underlying components of URE, in morning trading today American Tower is up about 0.3%, and Simon Property Group is higher by about 0.2%.

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