MTUM, FDMO: 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 MSCI USA Momentum Factor ETF, where 19,600,000 units were destroyed, or a 18.7% decrease week over week. Among the largest underlying components of MTUM, in morning trading today Tesla is up about 3.9%, and JP Morgan Chase is lower by about 0.3%.
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