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SPHD, PKW: 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 PowerShares S&P 500 High Dividend Low Volatility Portfolio, where 16,850,000 units were destroyed, or a 19.6% decrease week over week. Among the largest underlying components of SPHD, in morning trading today PPL Corporation is up about 1.7%, and Southern Company is higher by about 1.3%.
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