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KRE, FDM: Big ETF Outflows
Friday, March 17, 10:55 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 SPDR S&P Regional Banking ETF, where 4,450,000 units were destroyed, or a 5.9% decrease week over week. Among the largest underlying components of KRE, in morning trading today PNC Financial Services is down about 0.7%, and M&T Bank is lower by about 0.5%.

And on a percentage change basis, the ETF with the biggest outflow was the First Trust Dow Jones Select MicroCap Index Fund, which lost 650,000 of its units, representing a 25.0% decline in outstanding units compared to the week prior. Among the largest underlying components of FDM, in morning trading today Piper Jaffray is off about 1.2%, and Enterprise Financial Services is lower by about 0.7%.

For MarketNewsVideo.com, I'm Sayoko Murase

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KRE, FDM: Big ETF Outflows
Friday, March 17, 10:55 AM ET
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