VIG, KBWC: Big ETF Outflows
ETF Channel Staff - Tuesday, March 31, 1:45 PMLooking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Vanguard Dividend Appreciation ETF (VIG), where 47,299,517 units were destroyed, or a 15.6% decrease week over week. Among the largest underlying components of VIG, in morning trading today Johnson & Johnson (JNJ) is down about 0.4%, and Qualcomm (QCOM) is up by about 0.7%.
And on a percentage change basis, the ETF with the biggest outflow was the PowerShares KBW Capital Markets Portfolio (KBWC), which lost 50,000 of its units, representing a 33.3% decline in outstanding units compared to the week prior.