News Column

IVV, IDU: Big ETF Outflows

September 3, 2014

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%.

And on a percentage change basis, the ETF with the biggest outflow was the iShares U.S. Utilities ETF (IDU), which lost 3,800,000 of its units, representing a 36.4% decline in outstanding units compared to the week prior. Among the largest underlying components of IDU, in morning trading today Duke Energy (DUK) is up about 0.8%, and Nextera Energy (NEE) is up by about 0.8%.

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