FVD, DUG: Big ETF Outflows
August 03, 2017 at 10:47 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 First Trust Value Line Dividend Index Fund (FVD), where 5,600,000 units were destroyed, or a 4.2% decrease week over week. Among the largest underlying components of FVD, in morning trading today Automatic Data Processing (ADP) is down about 3.1%, and Boeing Company (BA) is lower by about 0.6%.