ETFs Are Net Sellers of General Electric (GE) on Nov. 4

This article first appeared on GuruFocus .

ETFs sold $48.7 million of General Electric ( GE ) on Wednesday, a net outflow driven by dollar value even though more funds traded the other way. Thirty-eight ETFs bought shares while 20 sold, but the sellers moved larger amounts. It was the second straight day of net selling, following a $16.7 million outflow on Nov. 3, after net buying of $4.5 million on Nov. 2 and $5.5 million on Oct. 30. ETF activity turned negative again on Oct. 29 with a $3.7 million outflow.

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See which funds are buying and selling on GuruFocus ETF Trends , or find and compare funds with the ETF Screener .

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

Which ETFs sold GE on Wednesday?

The largest sellers by dollar value were SPY ($27.9 million), ITA ($18.3 million) and MISL ($13.0 million). In all, 38 ETFs added shares and 20 cut them.

SPY accounted for the largest share of the selling, shedding $27.9 million of GE stock, a 0.66% cut to its stake. ITA reduced its position by $18.3 million, or 0.7%, while MISL trimmed $13.0 million, a 22.59% reduction. XLI sold $4.8 million and SSO $4.4 million, with smaller moves from IWY , GSWO and IYJ . GE is an Industrials company in the Aerospace & Defense industry with a market cap of $325.2 billion.

Have ETFs been buying or selling GE lately?

Over the last 5 reported days, ETFs were net buyers on 2 and net sellers on 3, so the recent trend is mostly selling.

What does GE do?

GE Aerospace, the continuation of General Electric after the spin-offs of GE HealthCare in January 2023 and GE Vernova in April 2024, is one of the world's leading manufacturers of commercial and military aircraft engines.

General Electric reported trailing-12-month revenue of $52.58 billion, up 22.4% over one year, with a gross margin of 35.1% and a net margin of 17.3%. The stock trades at a P/E of 36.36, P/B of 18.56 and P/S of 6.29, against a market cap of $325.2 billion. Its GF Score is 79, and GF Value of $298.95 compares with a price of $314.73. The dividend yield is 0.59%, and the stock is up 2.61% year to date.