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September 01, 2020 1:41pm
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XLC, IDLB: 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 The Communication Services Select Sector SPDR Fund, where 18,100,000 units were destroyed, or a 9.6% decrease week over week. Among the largest underlying components of XLC, in morning trading today Facebook is up about 1.5%, and Alphabet is higher by about 1.9%.
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