SPHD, DMDV: Big ETF Outflows Monday, February 11, 10:52 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 S&P 500 High Dividend Low Volatility ETF (SPHD), where 11,400,000 units were destroyed, or a 14.3% decrease week over week. Among the largest underlying components of SPHD, in morning trading today Kimco Realty Corporation (KIM) is up about 0.2%, and Iron Mountain (IRM) is up by about 0.5%.
And on a percentage change basis, the ETF with the biggest outflow was the DMDV ETF (DMDV), which lost 50,000 of its units, representing a 33.3% decline in outstanding units compared to the week prior.
For MarketNewsVideo.com, I'm Sayoko Murase.
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