Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Schwab US Dividend Equity ETF, where 13,650,000 units were destroyed, or a 0.5% decrease week over week. Among the largest underlying components of SCHD, in morning trading today Chevron is down about 0.2%, and Conocophillips is lower by about 0.4%.
And on a percentage change basis, the ETF with the biggest outflow was the ARMU ETF, which lost 30,000 of its units, representing a 37.5% decline in outstanding units compared to the week prior.
VIDEO: SCHD, ARMU: Big ETF Outflows
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