XLP, JPP: Big ETF Outflows

Looking 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 5,100,000 units were destroyed, or a 2.4% decrease week over week.  Among the largest underlying components of XLP, in morning trading today Procter & Gamble (PG) is off about 0.5%, and Coca-Cola (KO) is up by about 0.2%.