IYZ, EMT: Big ETF Outflows

Turning today to week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, the largest outflow was seen in the iShares Dow Jones US Telecommunications Sector Index Fund (IYZ), which shed 700,000 shares, or a 3.2% decrease week over week. Among the largest underlying components of IYZ, in morning trading today AT&T Incorporated (T) is down about 0.4%, and Verizon Communications Incorporated (VZ) is lower by about 0.3%.