XLF, FDM: Big ETF Outflows
August 29, 2016 at 10:59 AM 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, where 7,500,000 units were destroyed, or a 1.1% decrease week over week. Among the largest underlying components of XLF, in morning trading today Berkshire Hathaway Class B is up about 0.9%, and JP Morgan Chase is higher by about 1%.