XLV, MLN: 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 ( XLV ), where 9,500,000 units were destroyed, or a 4.7% decrease week over week. Among the largest underlying components of XLV, in morning trading today Johnson & Johnson ( JNJ ) is down about 0.6%, and Pfizer ( PFE ) is lower by about 0.2%.

And on a percentage change basis, the ETF with the biggest outflow was the AMT-Free Long Municipal Index ETF ( MLN ), which lost 1,800,000 of its units, representing a 20.1% decline in outstanding units compared to the week prior.

VIDEO: XLV, MLN: 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.

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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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MLN JNJ XLV PFE