Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the iShares Select Dividend ETF, where 20,800,000 units were destroyed, or a 10.1% decrease week over week. Among the largest underlying components of DVY, in morning trading today Altria Group is up about 0.5%, and Verizon Communications is up by about 0.7%.
And on a percentage change basis, the ETF with the biggest outflow was the ZIG ETF, which lost 625,000 of its units, representing a 31.6% decline in outstanding units compared to the week prior.
VIDEO: DVY, ZIG: Big ETF Outflows
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