SPDR S&P 500 ETF (SPY) Sells NVIDIA and Apple on Oct. 29

This article first appeared on GuruFocus .

SPDR S&P 500 ETF Trust ( SPY ) was the sole fund in this report, and its ETF activity on Thursday, Oct. 29 was entirely one-sided: the $796.87 billion fund sold $2.02 billion of stock and bought nothing. It trimmed 499 positions and added to none, leaving net buying at -$2.02 billion.

What did SPY sell on Thursday?

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Its largest sells by dollar value were NVDA ($158.5 million), AAPL ($156.1 million) and MSFT ($120.7 million).

The largest sale was NVIDIA CORP ( NVDA ), where SPY cut 741,735 shares worth $158.5 million, followed by APPLE INC ( AAPL ) with 447,320 shares sold for $156.1 million. MICROSOFT CORP ( MSFT ) shed 227,582 shares valued at $120.7 million, AMAZON.COM INC ( AMZN ) lost 300,828 shares worth $73.3 million and ALPHABET INC CL A ( GOOGL ) gave up 179,882 shares valued at $51.1 million. None of the sales were new positions or full exits.

How does SPY invest?

SPDR S&P 500 ETF Trust ( SPY ) is an Equity US fund in the Equity asset class, holding 502 stocks with 37.4% of assets in its 10 largest holdings. Technology accounts for 39.2% of the stocks that could be classified, Financial Services 11.8% and Healthcare 10.0%, and the mix is 99.9% large cap, 0.1% mid cap and 0.0% small cap. It charges an expense ratio of 0.09%, and its top holdings are NVIDIA CORP at 7.78%, APPLE INC at 7.66%, MICROSOFT CORP at 5.93%, AMAZON.COM INC at 3.6% and ALPHABET INC CL A at 2.51%. The fund has a GF Score of 88, a P/E of 22.95, a P/B of 4.47, a dividend yield of 1.0% and a year-to-date return of 11.69%.

SPDR S&P 500 ETF Trust ( SPY ) at a glance

Holdings, performance and fees for SPY are on its fund summary page ; the ETF Screener lines it up against its peers. Its biggest sell this time, NVDA, has its own GF Value page and stock summary .