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PWV, WBIC: Big ETF Outflows
Friday, September 13, 10:48 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 8,700,000 units were destroyed, or a 25.8% decrease week over week. Among the largest underlying components of PWV, in morning trading today Citigroup is up about 1.5%, and Bank of America Corporation (BAC) is higher by about 1.3%.
And on a percentage change basis, the ETF with the biggest outflow was the WBIC ETF (WBIC), which lost 650,000 of its units, representing a 36.1% decline in outstanding units compared to the week prior.
For MarketNewsVideo.com, I'm Sayoko Murase.
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