This article first appeared on GuruFocus.
XLU drove the move, cutting its Sempra Energy (SRE) position by $25.2 million in Tuesday’s session. That helped push net ETF flows to -$21.9 million even though more funds traded the other way: 22 ETFs bought shares versus 11 that sold, but in smaller amounts. The selling follows a mixed stretch, with net inflows of $25.4 million on Nov. 9 and outflows of $0.6 million on Nov. 6. The net selling streak now stands at one day.
Every ETF and guru trade in SRE is tracked on the SRE guru trades page.
Which ETFs sold SRE on Tuesday?
The largest sellers by dollar value were XLU ($25.2 million), IVV ($0.3 million) and IDU ($0.2 million). In all, 22 ETFs added shares and 11 cut them.
XLU accounted for the bulk of the activity, reducing its stake by 2.77% to 11,261,017 shares, a weight of 3.74%. IVV trimmed 0.04% for a $0.3 million reduction, IDU cut 0.4% for $0.2 million, and USSG reduced its position by 10.97% for $0.1 million. Smaller moves came from IFRA, SPYV, IMCV and IWL. Sempra Energy operates in the Utilities sector, in the Utilities – Diversified industry, with a market cap of $51.1 billion.
Have ETFs been buying or selling SRE lately?
Over the last 5 reported days, ETFs were net buyers on 2 and net sellers on 3, so the recent trend is mostly selling.
What does SRE do?
Sempra is a US energy holding company whose subsidiaries invest in and operate regulated utiliti
Source: finance.yahoo.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.
