XLF, KCCB: Big ETF Outflows
June 18, 2021 at 10:50 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 The Financial Select Sector SPDR Fund, where 19,900,000 units were destroyed, or a 1.7% decrease week over week. Among the largest underlying components of XLF, in morning trading today Berkshire Hathaway is off about 1.9%, and JP Morgan Chase is lower by about 2.5%.