FVD, PSMM: Big ETF Outflows
August 11, 2020 at 10:51 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, where 10,700,000 units were destroyed, or a 3.7% decrease week over week. Among the largest underlying components of FVD, in morning trading today United Parcel Service is down about 1.5%, and Assurant is higher by about 0.5%.