ETFs Are Buying Broadcom (AVGO) on Tuesday

This article first appeared on GuruFocus.

SOXX led ETF activity on Tuesday, Oct. 20, as ETFs bought a net $163.4 million of Broadcom (AVGO). Forty-four ETFs were buying the stock against 18 selling. The move extended a three-day streak of net buying, following $246.4 million on Oct. 19 and $57.3 million on Oct. 16. The prior session before that, Oct. 15, saw a net $148.9 million sold.

See all ETF and guru trades in AVGO on its AVGO guru trades page.

Which ETFs bought AVGO on Tuesday?

The largest buyers by dollar value were SOXX ($187.0 million), DUHP ($13.4 million) and ESGU ($6.4 million). In all, 44 ETFs added shares and 18 cut them.

SOXX accounted for the bulk of the move, adding 559,266 shares worth $187.0 million, a 6.08% increase in its stake, with Broadcom at a 7.33% weight. DUHP added 40,117 shares worth $13.4 million, ESGU 19,107 shares worth $6.4 million, and JGLO 18,886 shares worth…