State Street Materials Select Sector SPDR ETF Experiences Big Outflow

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel , one standout is the State Street Materials Select Sector SPDR ETF (Symbol: XLB) where we have detected an approximate $154.7 million dollar outflow -- that's a 1.8% decrease week over week (from 166,297,450 to 163,247,450). Among the largest underlying components of XLB, in trading today Freeport-McMoran Copper & Gold (Symbol: FCX) is up about 0.3%, Corteva Inc (Symbol: CTVA) is down about 0.5%, and Air Products & Chemicals Inc (Symbol: APD) is lower by about 0.2%.