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PWV, PWC: Big ETF Outflows
Thursday, September 13, 10:47 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 Invesco Dynamic Large Cap Value ETF (PWV), where 11,800,000 units were destroyed, or a 24.4% decrease week over week. Among the largest underlying components of PWV, in morning trading today M&T Bank Corporation (MTB) is off about 0.7%, and Suntrust Banks (STI) is lower by about 1.9%.
And on a percentage change basis, the ETF with the biggest outflow was the Invesco Dynamic Market ETF (PWC), which lost 600,000 of its units, representing a 26.7% decline in outstanding units compared to the week prior. Among the largest underlying components of PWC, in morning trading today Intuit (INTU) is up about 0.2%, and Adobe Systems (ADBE) is lower by about 0.7%.
For MarketNewsVideo.com, I'm Sayoko Murase.
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