PDP, FKO: Big ETF Outflows
January 13, 2020 at 10:55 AM EST
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 DWA Momentum ETF (PDP), where 4,800,000 units were destroyed, or a 15.1% decrease week over week. Among the largest underlying components of PDP, in morning trading today Apple (AAPL) is up about 0.5%, and American Tower Corporation REIT (AMT) is higher by about 1.5%.