CWB, PXLV: Big ETF Outflows
ETF Channel Staff - Wednesday, June 20, 1:36 PMTurning today to week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, the largest outflow was seen in the SPDR Barclays Capital Convertible Securities ETF (CWB), which shed 900,000 shares, or a 4.1% decrease week over week.
And on a percentage change basis, the ETF with the largest outflow was the Fundamental Pure Large Value Portfolio (PXLV), which lost 150,000 of its shares, for a whopping 37.5% decline in outstanding shares. Among the largest underlying components of PXLV, in morning trading today Home Depot Incorporated (HD) is off about 0.5%, and Time Warner Incorporated (TWX) is lower by about 0.6%.
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