Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Morningstar Wide Moat ETF, where 17,800,000 units were destroyed, or a 15.4% decrease week over week. Among the largest underlying components of MOAT, in morning trading today Kellogg is up about 0.5%, and Gilead Sciences is higher by about 0.9%.
And on a percentage change basis, the ETF with the biggest outflow was the Invesco Nasdaq Biotechnology ETF, which lost 350,000 of its units, representing a 29.4% decline in outstanding units compared to the week prior. Among the largest underlying components of IBBQ, in morning trading today Amgen is up about 0.8%, and Gilead Sciences is higher by about 0.9%.
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