SPHQ, XLBX: 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 Invesco S&P 500 Quality ETF, where 7,340,000 units were destroyed, or a 3.2% decrease week over week. Among the largest underlying components of SPHQ, in morning trading today Mastercard is down about 0.2%, and Visa is higher by about 0.2%.

And on a percentage change basis, the ETF with the biggest outflow was the XLBX ETF, which lost 10,000 of its units, representing a 40.0% decline in outstanding units compared to the week prior.

VIDEO: SPHQ, XLBX: Big ETF Outflows