IGV, LRND: 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 Expanded Tech-Software Sector ETF (IGV), where 6,800,000 units were destroyed, or a 7.8% decrease week over week. Among the largest underlying components of IGV, in morning trading today Microsoft Corporation (MSFT) is off about 1.3%, and Salesforce (CRM) is lower by about 1.1%.