XLP, EEMA: 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 Consumer Staples Select Sector SPDR Fund (XLP), which shed 7 million shares, or a 4.6% decrease week over week. Among the largest underlying components of XLP, in morning trading today Procter & Gamble (PG) is down about 1.1%, and Coca Cola (KO) is higher by about 0.6%.