RTX (RTX) Sees $39.0 Million in Net ETF Selling on Nov. 4

This article first appeared on GuruFocus .

Forty-two ETFs were buying RTX Corporation ( RTX ) shares on Wednesday, Nov. 4, versus 17 selling, yet ETF activity netted to $39.0 million in selling because the sellers traded in larger amounts. The stock has now seen two straight days of net ETF selling, following $8.2 million on Nov. 3. Before that, flows were mixed, with $7.6 million in net buying on Nov. 2, $0.3 million in net selling on Oct. 30 and $1.3 million in net buying on Oct. 29.

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

Which ETFs sold RTX on Wednesday?

The largest sellers by dollar value were SPY ($21.8 million), ITA ($14.3 million) and MISL ($13.0 million). In all, 42 ETFs added shares and 17 cut them.

SPY accounted for the largest share of the move, with a $21.8 million decrease in value and a 0.66% cut to its stake. ITA reduced its position by $14.3 million, a 0.7% change, while MISL trimmed $13.0 million, a 22.6% reduction, and XLI sold $3.8 million. SSO , GSWO , PPA and IYJ each recorded smaller decreases. RTX sits in the Industrials sector and the Aerospace & Defense industry, with a market cap of $258.9 billion.

Have ETFs been buying or selling RTX 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 RTX do?

RTX is an aerospace and defense company providing advanced systems and services for commercial, military, and government customers worldwide, incorporated in Delaware in 1934 and headquartered in Arlington, Virginia. It operates three segments.

RTX reported trailing-12-month revenue of $95.99 billion, up 10.7% over the past year, with a gross margin of 21.1% and a net margin of 8.8%. The stock trades at a P/E of 31.17, a P/B of 3.74 and a P/S of 2.73. Its GF Score is 87, and the GF Value of $164.62 compares with a price of $191.88. RTX has a dividend yield of 1.5% and a year-to-date return of 5.76%.