This article first appeared on GuruFocus.
IXC led the move, cutting its ExxonMobil (XOM) position by $36.2 million on Tuesday, when ETFs sold a net $30.8 million of the stock. More funds traded the other way, with 39 ETFs buying against 14 selling, but in smaller amounts. The selling came after a net $18.3 million of buying on Monday, and follows outflows of $16.9 million on Nov. 6, $16.0 million on Nov. 5 and $116.6 million on Nov. 4. ETF activity left 144 funds holding the stock.
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Which ETFs sold XOM on Tuesday?
The largest sellers by dollar value were IXC ($36.2 million), XLE ($28.5 million) and MTUM ($3.7 million). In all, 39 ETFs added shares and 14 cut them.
IXC reduced its stake by 7.42% to 2,750,947 shares, a position worth 18.29% of its portfolio, while XLE trimmed 0.29% to 59,714,345 shares at a 24.11% weight. MTUM sold $3.7 million, IVV $3.5 million and XOP $1.0 million, with smaller cuts from IGE, USMV and SPYV. ExxonMobil sits in the Energy sector and the Oil & Gas Integrated indus
Source: finance.yahoo.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.
