Noteworthy ETF Outflows: QUS, T, REGN, ADP

Looking now at week-over-week shares outstanding changes one of the universe of ETFs coated at ETF Channel, one standout is the SPDR

Noteworthy ETF Outflows: QUS, T, REGN, ADP

MSCI USA StrategicFactorsSM ETF (Symbol: QUS) where we have detected an approximate $109.6 million dollar outflow -- that is a 10.4% reduction week over week (from 8,940,000 to 8,010,000). One of the largest underlying elements of QUS, in trading today AT&T Inc (Symbol: T) is off about 0.2%, Regeneron Pharmaceuticals, Inc. (Symbol: REGN) is off about 0.1 percent, and Automatic Data Processing Inc. (Symbol: ADP) is lower by approximately 0.5%. For a complete list of holdings, go to the QUS Holdings page" The graph below shows the one year price performance of QUS, versus its 200 day moving average:

Taking a look at the graph above, QUS's low point in its 52 week range is $85.32 percent share, with $118.60 as the 52 week high stage -- that contrasts with a previous trade of $117.81. Assessing the latest share price to the 200 day moving average may also be a useful technical evaluation procedure -- know more about the 200 day moving average".

Exchange traded funds (ETFs) trade just like stocks, but rather of"shares" investors are in fact buying and selling"units". These"units" can be exchanged back and forth just like stocks, but could also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing noteworthy inflows (many brand new units created) or outflows (many older units destroyed). Creation of new components will mean the underlying holdings of this ETF have to be bought, while destruction of units involves selling underlying holdings, therefore large flows can also impact the individual components held within ETFs.