Notable ETF Outflow Detected - XLP, MO, TGT, CL

The State Street Consumer Staples Select Sector SPDR ETF (XLP) saw an approximate $412.9 million outflow over the week, a 2.9% drop in shares outstanding from 170,171,809 to 165,221,809, according to ETF Channel’s monitoring. In XLP’s largest holdings, Altria Group (MO) was up about 0.6% during the session, while Target (TGT) fell about 0.8% and Colgate-Palmolive (CL) slipped roughly 0.4%. XLP’s 52-week range runs from $75.16 to $90.14, with the latest trade at $83.27. For ETFs, inflows and outflows can translate into buying or selling underlying components.