This article first appeared on GuruFocus.
ETF flows into Apple (AAPL) turned positive on Tuesday, Oct. 27, ending a one-day outflow stretch, with net buying of $79.5 million. Forty-seven ETFs added shares while 11 sold. The move followed a net outflow of $389.1 million on Oct. 26 and a $26.4 million inflow on Oct. 23. ETF activity over the prior five sessions has been mixed, including a $226.5 million inflow on Oct. 22 and a $244.1 million outflow on Oct. 21.
See which funds are buying and selling on GuruFocus ETF Trends, or find and compare funds with the ETF Screener.
See all ETF and guru trades in AAPL on its AAPL guru trades page.
Which ETFs bought AAPL on Tuesday?
The largest buyers by dollar value were IVV ($102.9 million), QLD ($36.5 million) and SPYM ($33.5 million). In all, 47 ETFs added shares and 11 cut them.
iShares Core S&P 500 ETF (IVV) led the buying with a $102.9 million increase in value, adding 296,590 shares for a 0.15% stake change at a 7.62% portfolio weight. ProShares Ultra QQQ (QLD) added $36.5 million, SPDR Portfolio S&P 500 (SPYM) $33.5 million, Invesco QQQ Trust (QQQM) $19.9 million and Invesco QQQ Trust (QQQ) $11.4 million. Apple operates in the Technology sector and Consumer Electronics industry with a market cap of $5.02 trillion.
Have ETFs been buying or selling AAPL 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 AAPL do?
Apple designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories, and sells a growing portfolio of related services. Its products include the iPhone smartphone line, Mac computers, iPad tablets, Apple Watch, AirPods, and the Apple Vision Pro spatial computer, all built on Apple’s own operating systems and, increasingly, its own silicon.
Apple reported trailing-12-month revenue of $466.82 billion, up 16.7% over one year, with a gross margin of 48.6% and a net margin of 27.6%. The stock trades at a P/E of 39.42, P/B of 46.72 and P/S of 10.89. Its GF Score is 95, and the GF Value of $289.63 compares with a price of $343.83. The dividend yield is 0.33%, and the stock has returned 26.82% year to date.