SPHQ, IDHQ: Big ETF Outflows

Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the PowerShares S&P 500 Quality Portfolio (SPHQ), where 15,200,000 units were destroyed, or a 31.5% decrease week over week. Among the largest underlying components of SPHQ, in morning trading today Home Depot (HD) is up about 0.8%, and McDonald's Corporation (MCD) is up by about 0.8%.