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SPYD, JHMA: Big ETF Outflows (8/11, 10:49 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 Portfolio S&P 500 High Dividend ETF, where 12,450,000 units were destroyed, or a 9.5% decrease week over week. Among the largest underlying components of SPYD, in morning trading today Pfizer is off about 2.4%, and Valero Energy is lower by about 1%.
And on a percentage change basis, the ETF with the biggest outflow was the JHMA ETF, which lost 200,000 of its units, representing a 32.8% decline in outstanding units compared to the week prior.
For MarketNewsVideo.com, I'm Sayoko Murase