Investor Alert

May 13, 2020, 10:54 a.m. EDT

XLF, IDLB: Big ETF Outflows

May 13, 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 The Financial Select Sector SPDR Fund, where 30,150,000 units were destroyed, or a 3.9% decrease week over week. Among the largest underlying components of XLF, in morning trading today Berkshire Hathaway is down about 0.5%, and JP Morgan Chase is lower by about 2%.

And on a percentage change basis, the ETF with the biggest outflow was the IDLB, which lost 250,000 of its units, representing a 35.7% decline in outstanding units compared to the week prior. Among the largest underlying components of IDLB, in morning trading today Spdr Dow Jones Industrial Average Etf is down about 0.5%, and Wheaton Precious Metals is up by about 2.6%.

The preceding is a transcript of the MarketNewsVideo.com video published at: http://www.marketnewsvideo.com/?id=20200520200513etfflowsXLFI&mv=1 .


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