ETFs Are Net Sellers of Cisco Systems (CSCO) on Nov. 5

This article first appeared on GuruFocus.

ETFs sold a net $64.1 million of Cisco Systems (CSCO) in Thursday’s session, though more funds traded the other way: 49 ETFs were buying versus 26 selling, with the sellers moving larger amounts. The move followed a net inflow of $9.0 million on Nov. 4 and an outflow of $10.7 million on Nov. 3. ETF activity over the prior days included inflows of $104.1 million on Nov. 2 and $50.3 million on Oct. 30. The selling streak stands at 1 day.

For the full record of ETF and guru buying and selling in CSCO, see the CSCO guru trades page.

Which ETFs sold CSCO on Thursday?

The largest sellers by dollar value were QQQ ($38.0 million), IYZ ($30.0 million) and SPY ($13.7 million). In all, 49 ETFs added shares and 26 cut them.

QQQ accounted for the largest share of the move, cutting 396,695 shares for a $38.0 million reduction, a 0.48% stake change at a 1.81% weight.