XLV, FLN: 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 Health Care Select Sector SPDR Fund, where 4,950,000 units were destroyed, or a 2.3% decrease week over week. Among the largest underlying components of XLV, in morning trading today Johnson & Johnson is up about 0.6%, and UnitedHealth is lower by about 2%.

And on a percentage change basis, the ETF with the biggest outflow was the First Trust Latin America AlphaDEX Fund, which lost 450,000 of its units, representing a 32.1% decline in outstanding units compared to the week prior. Among the largest underlying components of FLN, in morning trading today Intelsat is up about 1.2%.

VIDEO: XLV, FLN: 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.


More Related Articles

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.