PEY, LALT: Big ETF Outflows
September 18, 2017 at 10:49 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 High Yield Equity Dividend Achievers Portfolio (PEY), where 10,800,000 units were destroyed, or a 16.4% decrease week over week. Among the largest underlying components of PEY, in morning trading today PPL Corporation (PPL) is off about 0.1%, and Southern Company (SO) is lower by about 0.2%.