SPYD, JHMA: 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 SPDR Portfolio S&P 500 High Dividend ETF, where 12,450,000 units were destroyed, or a 9.5% decrease week over week. Among the largest underlying components of SPYD, in morning trading today Pfizer is off about 2.4%, and Valero Energy is lower by about 1%.