PFF, SMDD: 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 US Preferred Stock ETF (PFF), where 2,100,000 units were destroyed, or a 0.4% decrease week over week. Among the largest underlying components of PFF, in morning trading today Wells Fargo & Company (WFC) is off about 0.5%, and Allergan (AGN) is lower by about 0.1%.
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