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NOBL, LVL: Big ETF Outflows

Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the ProShares ProShares S&P 500 Dividend Aristocrats ETF ( NOBL ), where 5,600,000 units were destroyed, or a 9.1% decrease week over week.

And on a percentage change basis, the ETF with the biggest outflow was the Invesco S&P Global Dividend Opportunities Index ETF ( LVL ), which lost 960,000 of its units, representing a 23.5% decline in outstanding units compared to the week prior. Among the largest underlying components of LVL, in morning trading today Wabco Holdings ( WBC ) is off about 0.4%, and Clearbridge American Energy MLP Fund ( CBA ) is up by about 1.2%.

VIDEO: NOBL, LVL: 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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