Significant ETF Outflows Highlight Market Movements
According to ETF Channel, the iShares Core S&P 500 ETF experienced the largest outflow this week. It saw a decrease of 12,750,000 units, marking a 1.3% decline from the previous week. In morning trading, Microsoft rose 0.2%, while Nvidia increased by 3.8%.
On a percentage basis, the Invesco S&P 500 Minimum Variance ETF had the most significant outflow, losing 40,000 units. This represents a 33.3% drop in outstanding units compared to last week. Currently, Microsoft is up 0.2%, and Mondelez International has increased by 1.1% in morning trading.
VIDEO: IVV, SPMV: Big ETF Outflows
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
