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XLF, IGN: 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 Financial Select Sector SPDR Fund ( XLF ), where 13,150,000 units were destroyed, or a 1.7% decrease week over week. Among the largest underlying components of XLF, in morning trading today Berkshire Hathaway Class B (BRK.B) is off about 0.5%, and Wells Fargo & Company ( WFC ) is lower by about 1.2%.

And on a percentage change basis, the ETF with the biggest outflow was the iShares North American Tech-Multimedia Networking ETF ( IGN ), which lost 2,550,000 of its units, representing a 39.2% decline in outstanding units compared to the week prior. Among the largest underlying components of IGN, in morning trading today Juniper Networks ( JNPR ) is down about 0.5%, and Motorola Solutions ( MSI ) is lower by about 0.9%.

VIDEO: XLF, IGN: 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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