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SPLV, FTLS: 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 Low Volatility Portfolio (SPLV), where 16,650,000 units were destroyed, or a 9.9% decrease week over week. Among the largest underlying components of SPLV, in morning trading today PPL Corporation (PPL) is up about 0.7%, and Pinnacle West Capital Corporation (PNW) is up by about 0.5%.
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