XLP, COST, PG, PM: Large Outflows Detected at ETF

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel , one standout is the State Street Consumer Staples Select Sector SPDR ETF (Symbol: XLP) where we have detected an approximate $294.0 million dollar outflow -- that's a 2.1% decrease week over week (from 172,171,809 to 168,621,809). Among the largest underlying components of XLP, in trading today Costco Wholesale Corp (Symbol: COST) is off about 0.2%, Procter & Gamble Company (Symbol: PG) is down about 0.2%, and Philip Morris International Inc (Symbol: PM) is lower by about 0.9%.