This article first appeared on GuruFocus.
JTEK drove the day’s ETF activity in Vicor (VICR), cutting its entire 76,119-share position for a $12.4 million reduction as ETFs sold a net $13.7 million on Monday. More funds traded the other way, with 10 ETFs buying against 9 selling, but in smaller amounts. The net selling followed a $0.4 million outflow on Friday, while the three sessions before that saw net inflows of $0.3 million, $0.7 million and $1.2 million. The selling streak now stands at 2 days.
For the full record of ETF and guru buying and selling in VICR, see the VICR guru trades page.
Which ETFs sold VICR on Monday?
The largest sellers by dollar value were JTEK ($12.4 million), DFAS ($1.0 million) and IJH ($0.3 million). In all, 10 ETFs added shares and 9 cut them.
JTEK accounted for the bulk of the move, exiting its stake entirely, while DFAS trimmed 6,253 shares for a $1.0 million reduction and IJH cut 1,890 shares for $0.3 million. Smaller reductions came from XMMO, SMMD, IWF, PRFZ and SPTM. Vicor is a Technology company in the Electronic Components industry with a market cap of $7.5 billion.
Have ETFs been buying or selling VICR 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 VICR do?
Vicor Corp is a US-based manufacturer of modular power components and complete power systems used to convert, regulate, and distribute electrical power.
Vicor reported trailing 12-month revenue of $560.7 million, up 35.0% over the year. Gross margin was 60.6% and net margin 32.2%. The stock trades at a P/E of 42.37, P/B of 8.23 and P/S of 13.64, with a market cap of $7.5 billion. Its GF Score is 82, and at a price of $161.68 it sits above the GF Value of $76.87. The shares have returned 47.52% year to date.
VICR at a glance
Investors following VICR can review its GF Value, guru trades and insider activity on the VICR summary page.