Turning today to week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, the largest outflow was seen in the Utilities Select Sector SPDR Fund (AMEX:XLU), which shed 2,350,000 shares, or a 1.5% decrease week over week. Among the largest underlying components of XLU, in morning trading today Duke Energy Corporation (NYSE:DUK) is down about 0.1%, and Southern Company (NYSE:SO) is lower by about 0.2%.
And on a percentage change basis, the ETF with the largest outflow was the KBW Bank Portfolio (AMEX:KBWB), which lost 2,350,000 of its shares, for a whopping 39.5% decline in outstanding shares. Among the largest underlying components of KBWB, in morning trading today Citigroup Incorporated (NYSE:C) is off about 2.2%, and JP Morgan Chase & Company (NYSE:JPM) is lower by about 1.3%.
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