VIG, KBWB: Big ETF Outflows
ETF Channel Staff - Thursday, March 23, 10:47 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 Vanguard Dividend Appreciation ETF, where 26,573,669 units were destroyed, or a 9.2% decrease week over week. Among the largest underlying components of VIG, in morning trading today Microsoft is off about 0.3%, and Johnson & Johnson is lower by about 0.2%.
And on a percentage change basis, the ETF with the biggest outflow was the PowerShares KBW Bank Portfolio, which lost 3,650,000 of its units, representing a 17.1% decline in outstanding units compared to the week prior.