SDY, KCCB: 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 SPDR S&P Dividend ETF, where 12,750,000 units were destroyed, or a 7.4% decrease week over week. Among the largest underlying components of SDY, in morning trading today Exxon Mobil is off about 0.4%, and AT&T is lower by about 1%.
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