In Monday trading, Pall Corp. shares are currently down about 0.1% on the day.

FORBES: Cash Dividend On The Way From Pall Corp.

As the largest fund in the global health and biotech category, according to its website, Vanguard reduced the most in fluid management solutions provider, Pall Corp.

FORBES: Vanguard Health Care Fund Does More Shedding than Adding in Third Quarter

The companies that experienced the reductions are: Gilead Sciences Inc. ( GILD), Biogen Idec Inc. ( BIIB), Pall Corp. ( PLL), Onyx Pharmaceuticals ( ONXX) and Regeneron Pharmaceuticals ( REGN).

FORBES: Vanguard Health Care Fund Does More Shedding than Adding in Third Quarter

Among the largest underlying components of PHO, in trading today Waters Corp. ( NYSE: WAT) is off about 1.5%, Flowserve Corp. ( NYSE: FLS) is down about 2%, and Pall Corp. ( NYSE: PLL) is lower by about 1.9%.

FORBES: PHO, WAT, FLS, PLL: ETF Outflow Alert