ITOT, SMDD: 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 iShares Core S&P Total US Stock Market ETF (ITOT), where 2,700,000 units were destroyed, or a 1.3% decrease week over week. Among the largest underlying components of ITOT, in morning trading today Apple (AAPL) is down about 1%, and Microsoft Corporation (MSFT) is lower by about 0.9%.