SPLV, KCNY: Big ETF Outflows
ETF Channel Staff - Wednesday, March 3, 10:49 AM
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Invesco S&P 500 Low Volatility ETF, where 13,050,000 units were destroyed, or a 8.7% decrease week over week. Among the largest underlying components of SPLV, in morning trading today Verizon Communications is down about 0.2%, and Bristol-Myers Squibb is lower by about 1.8%.
And on a percentage change basis, the ETF with the biggest outflow was the KCNY ETF, which lost 100,000 of its units, representing a 25.0% decline in outstanding units compared to the week prior.