XLK, IPK: 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 Technology Select Sector SPDR Fund (XLK), which shed 9.1 million shares, or a 2.7% decrease week over week. Among the largest underlying components of XLK, in morning trading today Apple (AAPL) is down about 0.7%, and Microsoft (MSFT) is lower by about 0.7%.