PFF, DWFI: 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 iShares Preferred and Income Securities ETF ), where 16,250,000 units were destroyed, or a 3.3% decrease week over week. Among the largest underlying components of PFF, in morning trading today Wells Fargo is down about 4.2%, and Bank of America is lower by about 3.2%.
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