FVD, FOANC: Big ETF Outflows
March 05, 2019 at 10:46 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 First Trust Value Line Dividend Index Fund (FVD), where 5,500,000 units were destroyed, or a 3.3% decrease week over week. Among the largest underlying components of FVD, in morning trading today Intelsat (I) is off about 9.4%, and Erie Indemnity Company (ERIE) is lower by about 0.2%.