PWV, HJPX: Big ETF Outflows
December 08, 2016 at 10:46 AM 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 PowerShares Dynamic Large Cap Value Portfolio (PWV), where 9,300,000 units were destroyed, or a 22.1% decrease week over week. Among the largest underlying components of PWV, in morning trading today Bank of America (BAC) is up about 1.1%, and JP Morgan Chase & Company (JPM) is higher by about 0.1%.