FVD, FVL: Big ETF Outflows Friday, March 2, 10:55 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 Value Line Dividend Index Fund (FVD), where 10,250,000 units were destroyed, or a 7.0% decrease week over week. Among the largest underlying components of FVD, in morning trading today Intel (INTC) is down about 0.3%, and United Technologies (UTX) is lower by about 0.9%.
And on a percentage change basis, the ETF with the biggest outflow was the First Trust Value Line 100 Exchange-Traded Fund (FVL), which lost 950,000 of its units, representing a 30.3% decline in outstanding units compared to the week prior. Among the largest underlying components of FVL, in morning trading today Churchill Downs (CHDN) is off about 0.2%, and Zebra Technologies Corporation (ZBRA) is lower by about 1.9%.
For MarketNewsVideo.com, I'm Sayoko Murase.
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