XLP, INC: Big ETF Outflows
ETF Channel Staff - Thursday, April 28, 10:47 AMLooking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the Consumer Staples Select Sector SPDR Fund (XLP), where 12,550,000 units were destroyed, or a 6.5% decrease week over week. Among the largest underlying components of XLP, in morning trading today Procter & Gamble (PG) is off about 0.3%, and Coca-Cola Company (KO) is lower by about 0.1%.
And on a percentage change basis, the ETF with the biggest outflow was the iShares U.S. Fixed Income Balanced Risk ETF (INC), which lost 150,000 of its units, representing a 20.0% decline in outstanding units compared to the week prior.