Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the The Consumer Staples Select Sector SPDR Fund (XLP), where 5,750,000 units were destroyed, or a 2.8% decrease week over week. Among the largest underlying components of XLP, in morning trading today Procter & Gamble Company (PG) is up about 0.2%, and Costco Wholesale (COST) is relatively unchanged.
And on a percentage change basis, the ETF with the biggest outflow was the Invesco S&P 500 Minimum Variance ETF (SPMV), which lost 80,000 of its units, representing a 38.1% decline in outstanding units compared to the week prior. Among the largest underlying components of SPMV, in morning trading today Nextera Energy (NEE) is up about 1.5%, and Progressive Corporation (PGR) is lower by about 1.2%.
VIDEO: XLP, SPMV: Big ETF Outflows
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