QUAL, FLFR: 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 Edge MSCI USA Quality Factor ETF, where 16,400,000 units were destroyed, or a 8.3% decrease week over week. Among the largest underlying components of QUAL, in morning trading today Johnson & Johnson is up about 2.3%, and Microsoft is higher by about 2.4%.