SPHQ, SPVU: Big ETF Outflows
June 28, 2016 at 10:50 AM EDT
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 11,900,000 units were destroyed, or a 23.0% decrease week over week. Among the largest underlying components of SPHQ, in morning trading today Home Depot (HD) is up about 1.8%, and McDonald's (MCD) is higher by about 1.6%.