This article first appeared on GuruFocus.
ETFs bought $120.7 million of Walmart (WMT) shares on Wednesday, with 31 funds adding the stock and 15 cutting holdings. The net buying extended a two-day streak in the same direction. The prior session saw $36.2 million in net purchases, while the two sessions before that were net selling days of $127.7 million and $32.7 million. ETF activity turned positive again after that stretch, following $99.8 million in net buying on Oct. 22.
See all ETF and guru trades in WMT on its WMT guru trades page.
Which ETFs bought WMT on Wednesday?
The largest buyers by dollar value were QQQ ($106.4 million), SPY ($10.7 million) and SDY ($6.4 million). In all, 31 ETFs added shares and 15 cut them.
| ETF | Shares changed | Value | Weight in ETF |
|---|---|---|---|
| +896,070 | $106.4M | 2.47% | |
| +90,195 | $10.7M | 0.79% | |
| +53,800 | $6.4M | 0.40% | |
| +25,880 | $3.1M | 0.79% | |
| +14,970 | $1.8M | 0.57% | |
| +12,330 | $1.5M | 1.26% | |
| +12,084 | $1.4M | 0.45% | |
| +9,512 | $1.1M | 2.32% |
QQQ accounted for the largest share of the move, adding 896,070 shares worth $106.4 million, a 0.89% increase in its stake, with Walmart at 2.47% of the fund. S...