IVV, IDU: 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 iShares Core S&P 500 ETF (IVV), where 4,350,000 units were destroyed, or a 1.4% decrease week over week. Among the largest underlying components of IVV, in morning trading today Apple (AAPL) is off about 2.8%, and Exxon Mobil (XOM) is up by about 0.7%.