This article first appeared on GuruFocus.
ETFs sold $48.7 million of General Electric (GE) on Wednesday, a net outflow driven by dollar value even though more funds traded the other way. Thirty-eight ETFs bought shares while 20 sold, but the sellers moved larger amounts. It was the second straight day of net selling, following a $16.7 million outflow on Nov. 3, after net buying of $4.5 million on Nov. 2 and $5.5 million on Oct. 30. ETF activity turned negative again on Oct. 29 with a $3.7 million outflow.
See which funds are buying and selling on GuruFocus ETF Trends, or find and compare funds with the ETF Screener.
For the full record of ETF and guru buying and selling in GE, see the GE guru trades page.
Which ETFs sold GE on Wednesday?
The largest sellers by dollar value were SPY ($27.9 million), ITA ($18.3 million) and MISL ($13.0 million). In all, 38 ETFs added shares and 20 cut them.
SPY accounted for the largest share of the selling, shedding $27.9 million of GE stock, a 0.66% cut to its stake. ITA reduced its position by $18.3 million, or 0.7%, while MISL trimmed $13.0 million, a 22.59% reduction. XLI sold $4.8 million and SSO $4.4 million, with smaller moves from IWY, GSWO and IYJ. GE is an Industrials company in the Aerospace & Defense industry with a market cap of $325.2 billion.
Have ETFs been buying or selling GE 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 GE do?
GE Aerospace, the continuation of General Electric after the spin-offs of GE HealthCare in January 2023 and GE Vernova in April 2024, is one of the world’s leading manufacturers of commercial and military aircraft engines.
General Electric reported trailing-12-month revenue of $52.58 billion, up 22.4% over one year, with a gross margin of 35.1% and a net margin of 17.3%. The stock trades at a P/E of 36.36, P/B of 18.56 and P/S of 6.29, against a market cap of $325.2 billion. Its GF Score is 79, and GF Value of $298.95 compares with a price of $314.73. The dividend yield is 0.59%, and the stock is up 2.61% year to date.