SPHD, IDHD: Big ETF Outflows

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 High Dividend Low Volatility Portfolio (SPHD), where 15,600,000 units were destroyed, or a 17.4% decrease week over week. Among the largest underlying components of SPHD, in morning trading today FirstEnergy Corporation (FE) is trading flat, and Entergy Corporation (ETR) is lower by about 0.2%.