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XLF, PXJ: Big ETF Outflows
Wednesday, April 19, 10:50 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 Financial Select Sector SPDR Fund, where 17,150,000 units were destroyed, or a 1.8% decrease week over week. Among the largest underlying components of XLF, in morning trading today Berkshire Hathaway is up about 0.1%, and JP Morgan Chase is higher by about 0.7%.

And on a percentage change basis, the ETF with the biggest outflow was the PowerShares Dynamic Oil & Gas Services Portfolio, which lost 600,000 of its units, representing a 15.8% decline in outstanding units compared to the week prior. Among the largest underlying components of PXJ, in morning trading today Core Laboratories is down about 0.9%, and Baker Hughes is lower by about 0.2%.

For MarketNewsVideo.com, I'm Sayoko Murase

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XLF, PXJ: Big ETF Outflows
Wednesday, April 19, 10:50 AM ET
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