XLU, IBCD: Big ETF Outflows
June 10, 2014 at 12:48 PM 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 Utilities Select Sector SPDR Fund (XLU), where 3,300,000 units were destroyed, or a 2.4% decrease week over week. Among the largest underlying components of XLU, in morning trading today Duke Energy (DUK) is trading flat, and Nextera Energy (NEE) is lower by about 0.2%.