XLV, GNRX: Big ETF Outflows Friday, August 25, 10:53 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 Health Care Select Sector SPDR Fund (XLV), where 7,100,000 units were destroyed, or a 3.2% decrease week over week. Among the largest underlying components of XLV, in morning trading today Johnson & Johnson (JNJ) is up about 0.2%, and Pfizer (PFE) is up by about 0.6%.
And on a percentage change basis, the ETF with the biggest outflow was the Generic Drugs ETF (GNRX), which lost 100,000 of its units, representing a 33.3% decline in outstanding units compared to the week prior. Among the largest underlying components of GNRX, in morning trading today Quintiles Transnational Holdings (Q) is up about 4.7%, and Mylan (MYL) is higher by about 1.5%.
For MarketNewsVideo.com, I'm Sayoko Murase.
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