This article first appeared on GuruFocus.
ETFs bought $728.2 million of Apple (AAPL) stock on Wednesday, with 51 funds adding shares against 12 that sold. The buying extended a two-day streak of net inflows. On Tuesday, ETFs added $79.5 million, while Monday saw $389.1 million in net selling. ETF activity over the past five sessions also included $26.4 million in net buying on Oct. 23 and $226.5 million on Oct. 22.
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Which ETFs bought AAPL on Wednesday?
The largest buyers by dollar value were QQQ ($334.9 million), TECL ($188.0 million) and SPY ($101.6 million). In all, 51 ETFs added shares and 12 cut them.
| ETF | Shares changed | Value | Weight in ETF |
|---|---|---|---|
| +974,134 | $334.9M | 7.77% | |
| +546,671 | $188.0M | 14.62% | |
| +295,400 | $101.6M | 7.53% | |
| +84,740 | $29.1M | 7.53% | |
| +63,872 | $22.0M | 14.38% | |
| +50,175 | $17.3M | 5.55% | |
| +42,896 | $14.7M | 16.38% | |
| +20,367 | $7.0M | 6.04% |
Invesco QQQ led the move with $334.9 million in value change, lifting its stake by 0.89% to 110,603,048 sh...