This article first appeared on GuruFocus.
XLC drove the move, accounting for $21.0 million of the net selling in T-Mobile US (TMUS) on Tuesday. Overall, 32 ETFs bought the stock while 9 sold, leaving net selling of $24.5 million even though more funds traded the other way in smaller amounts. ETF activity followed a $29.9 million net inflow on Nov. 2 and a $9.9 million net inflow on Oct. 30, after a $24.5 million net outflow on Oct. 29. The stock has now seen one straight day of net selling.
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Every ETF and guru trade in TMUS is tracked on the TMUS guru trades page.
Which ETFs sold TMUS on Tuesday?
The largest sellers by dollar value were XLC ($21.0 million), DUHP ($6.9 million) and QLD ($4.6 million). In all, 32 ETFs added shares and 9 cut them.
XLC cut its stake by 2.16% to 6,139,157 shares, a $21.0 million reduction, and the position is 4.49% of the fund. DUHP trimmed 20.28% of its holding to 175,763 shares, a $6.9 million decline, while QLD reduced its stake by 6.48% to 432,545 shares, worth $4.6 million. Smaller moves came from IYZ, SSO, SPYV, TDIV and EUSA. T-Mobile operates in the Communication Services sector and Telecom Services industry, with a market cap of $168.6 billion.
Have ETFs been buying or selling TMUS 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 TMUS do?
T-Mobile US is one of the three nationwide wireless carriers in the United States, serving well over 100 million customers with voice, messaging, and data services under the T-Mobile, Metro by T-Mobile, and Mint Mobile brands.
T-Mobile reported trailing-12-month revenue of $93.82 billion, up 14.1% over the year. Gross margin was 46.7% and net margin 12.1%, with a P/E of 15.35, P/B of 3.0 and P/S of 1.85. The company has a GF Score of 80, and its GF Value of $236.64 sits above the $159.17 price. Dividend yield is 2.52%, and the stock is down 20.35% year to date.