MOAT, IBBQ: Big ETF Outflows
June 28, 2022 at 10:53 AM EDT
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Morningstar Wide Moat ETF, where 17,800,000 units were destroyed, or a 15.4% decrease week over week. Among the largest underlying components of MOAT, in morning trading today Kellogg is up about 0.5%, and Gilead Sciences is higher by about 0.9%.