PEY, PPDM: Big ETF Outflows
March 27, 2019 at 10:46 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 Invesco High Yield Equity Dividend Achievers ETF (PEY), where 5,400,000 units were destroyed, or a 10.9% decrease week over week. Among the largest underlying components of PEY, in morning trading today Dominion Energy (D) is off about 0.3%, and PPL Corporation (PPL) is lower by about 0.5%.