Turning today to week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, the largest outflow was seen in the Financial Select Sector SPDR Fund (AMEX:XLF), which shed 26,000,000 shares, or a 5.4% decrease week over week. Among the largest underlying components of XLF, in morning trading today Wells Fargo & Company New (NYSE:WFC) is off about 0.4%, and JP Morgan Chase & Company (NYSE:JPM) is lower by about 0.5%.
And on a percentage change basis, the ETF with the largest outflow was the First Trust Value Line Equity Allocation Index Fund (AMEX:FVI), which lost 250,000 of its shares, for a whopping 41.7% decline in outstanding shares. Among the largest underlying components of FVI, in morning trading today Ingersoll Rand Plc Ireland New (NYSE:IR) is off about 1.4%, and Lorillard Incorporated (NYSE:LO) is lower by about 1.4%.
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