IVV, XPP: Big ETF Outflows
July 03, 2014 at 12:18 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 iShares Core S&P 500 ETF (IVV), where 7,250,000 units were destroyed, or a 2.5% decrease week over week. Among the largest underlying components of IVV, in morning trading today Apple (AAPL) is off about 0.1%, and Microsoft (MSFT) is lower by about 0.5%.