Markets

PEY, PPDM: 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 Invesco High Yield Equity Dividend Achievers ETF ( PEY ), where 5,400,000 units were destroyed, or a 10.9% decrease week over week. Among the largest underlying components of PEY, in morning trading today Dominion Energy ( D ) is off about 0.3%, and PPL Corporation ( PPL ) is lower by about 0.5%.

And on a percentage change basis, the ETF with the biggest outflow was the PortfolioPlus Developed Markets ETF ( PPDM ), which lost 250,000 of its units, representing a 27.8% decline in outstanding units compared to the week prior.

VIDEO: PEY, PPDM: 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.

In This Story

PPDM PEY PPL D

Other Topics

Investing