ETFs Bought $104.3 Million of Broadcom (AVGO) on Nov. 3

This article first appeared on GuruFocus.

The iShares Core S&P 500 ETF (IVV) led the move, adding $25.7 million of Broadcom as ETF activity turned net positive on Tuesday. In all, 46 ETFs bought Broadcom against 20 that sold, for a net $104.3 million. The buying follows net inflows of $268.1 million on Nov. 2 and $183.6 million on Oct. 30, with a $164.6 million outflow on Oct. 29 in between. The stock has now seen same-direction net buying for three straight days.

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 IVV ($25.7 million), JGLO ($16.0 million) and SPY ($15.6 million). In all, 46 ETFs added shares and 20 cut them.

IVV added 77,336 shares, a 0.12% increase in its stake, and Broadcom carries a 2.42% weight in the fund. JPMorgan Global Select Equity ETF (JGLO) added $16.0 million, lifting its stake…