MOAT, PBND: Big ETF Outflows
March 28, 2023 at 11:33 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 9,650,000 units were destroyed, or a 8.7% decrease week over week. Among the largest underlying components of MOAT, in morning trading today Kellogg is up about 0.5%, and Veeva Systems is lower by about 0.6%.