Jan 03, 2020 (MarketNewsVideo.com via COMTEX) -- 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 (SPHQ), where 8,800,000 units were destroyed, or a 14.9% decrease week over week. Among the largest underlying components of SPHQ, in morning trading today Apple (AAPL) is off about 0.3%, and Visa (V) is lower by about 0.6%.
And on a percentage change basis, the ETF with the biggest outflow was the First Trust Nasdaq Food & Beverage ETF (FTXG), which lost 100,000 of its units, representing a 33.3% decline in outstanding units compared to the week prior. Among the largest underlying components of FTXG, in morning trading today Intelsat (I) is off about 1.5%, and Archer-Daniels-Midland Company (ADM) is lower by about 0.2%.
The preceding is a transcript of the MarketNewsVideo.com video published at: http://www.marketnewsvideo.com/?id=20200120200103etfflowsSPHQ&mv=1 .
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