This article first appeared on GuruFocus.
ETFs sold $65.7 million in NextEra Energy (NEE) shares on Thursday, Nov. 5, by net dollar value. More funds traded the other way, however: 15 ETFs sold shares while 39 bought them, but in smaller amounts. The selling ended a stretch of modest net buying, including $119.9 million on Oct. 30, $5.9 million on Nov. 3 and $0.4 million on Nov. 4, after $8.0 million in net selling on Nov. 2. ETF activity on the day left 129 funds holding the stock.
For the full record of ETF and guru buying and selling in NEE, see the NEE guru trades page.
Which ETFs sold NEE on Thursday?
The largest sellers by dollar value were XLU ($52.1 million), EMLP ($13.2 million) and SPY ($6.7 million). In all, 39 ETFs added shares and 15 cut them.
The Utilities Select Sector SPDR Fund (XLU) drove the move, cutting its stake by 1.61% and $52.1 million, with the stock at a 13.54% weight. EMLP sold $13.2 million, a stake change of -18.25%, and SPY sold $6.7 million. Smaller sales came from EIPI, SPXL, SPYV, IWD and JPEF. NextEra Energy is a large-cap name in the Utilities sector, in the Utilities – Regulated Electric industry, with a market cap of $182.4 billion.
Have ETFs been buying or selling NEE lately?
Over the last 5 reported days, ETFs were net buyers on 3 and net sellers on 2, so the recent trend is mostly buying.
What does NEE do?
NextEra Energy is the largest electric utility holding company in the United States by market value and the world’s largest generator of renewable energy from wind and sun. Its regulated utility, Florida Power & Light, is America’s largest electric utility, serving about 12 million people across Florida with among the industry’s lowest bills and strong rate-base gr
Source: finance.yahoo.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.
