XLF, SCC: Big ETF Outflows
August 04, 2014 at 12:10 PM EDT
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 (XLF), where 22,500,000 units were destroyed, or a 2.8% decrease week over week. Among the largest underlying components of XLF, in morning trading today Wells Fargo & Company (WFC) is up about 1%, and Berkshire Hathaway Class B (BRK.