USMV, ZSL: Big ETF Outflows
February 22, 2024 at 10:48 AM EST
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 MSCI USA Min Vol Factor ETF (USMV), where 16,000,000 units were destroyed, or a 4.9% decrease week over week. Among the largest underlying components of USMV, in morning trading today Broadcom (AVGO) is up about 5.7%, and Merck (MRK) is lower by about 0.1%.