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USMV, MVV: Big ETF Outflows

Turning today to week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, the largest outflow was seen in the iShares MSCI USA Minimum Volatility ETF (USMV), which shed 4.1 million shares, or a 6.2% decrease week over week. Among the largest underlying components of USMV, in morning trading today Automatic Data Processing (ADP) is down about 0.1%, and Paychex (PAYX) is higher by about 0.1%.
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