FV, RDVY: Big ETF Outflows Tuesday, March 22, 10:49 AM ET
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the First Trust Dorsey Wright Focus 5 ETF (FV), where 40,950,000 units were destroyed, or a 20.5% decrease week over week. Among the largest underlying components of FV, in morning trading today First Trust Consumer Discretionary Alpha (FXD) is down about 0.5%, and First Trust Dow Jones Internet Index (FDN) is lower by about 0.2%.
And on a percentage change basis, the ETF with the biggest outflow was the First Trust NASDAQ Rising Dividend Achievers ETF (RDVY), which lost 650,000 of its units, representing a 37.1% decline in outstanding units compared to the week prior. Among the largest underlying components of RDVY, in morning trading today Helmerich & Payne (HP) is off about 0.3%, and Gap (GPS) is lower by about 1.3%.
For MarketNewsVideo.com, I'm Sayoko Murase.
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