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IVV, DBV: Big ETF Outflows

This article is more than 8 years old.

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 3,650,000 units were destroyed, or a 1.1% decrease week over week. Among the largest underlying components of IVV, in morning trading today Apple (AAPL) is down about 1.6%, and Microsoft Corporation (MSFT) is lower by about 0.4%.

And on a percentage change basis, the ETF with the biggest outflow was the PowerShares DB G10 Currency Harvest Fund (DBV), which lost 1,400,000 of its units, representing a 25.0% decline in outstanding units compared to the week prior.