FDL, FCAN: Big ETF Outflows
February 24, 2015 at 13:11 PM 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 Morningstar Dividend Leaders Index Fund (FDL), where 3,350,000 units were destroyed, or a 7.8% decrease week over week. Among the largest underlying components of FDL, in morning trading today AT&T (T) is up about 0.1%, and Verizon Communications (VZ) is higher by about 0.3%.