XLF, SMH: Big ETF Outflows
May 23, 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 Financial Select Sector SPDR Fund, where 41,350,000 units were destroyed, or a 4.3% decrease week over week. Among the largest underlying components of XLF, in morning trading today JP Morgan Chase is up about 0.2%, and Berkshire Hathaway Class B is relatively unchanged.