Twenty-seven ETFs added Berkshire Hathaway shares on October 16, generating $118.7 million in net buying and extending a four-day run of inflows in the past five sessions.
ETF investors continued to add to Berkshire Hathaway on October 16, extending a run of buying that has helped lift the stock back into focus for fund managers. According to GuruFocus data echoed in Yahoo Finance coverage, 27 exchange-traded funds bought Berkshire shares that day while 11 trimmed their stakes, leaving a net inflow of $118.7 million. The move followed two days of buying, interrupted by a brief bout of selling on October 13.
The biggest buyer was the Financial Select Sector SPDR Fund, better known as XLF, which added $57.8 million of Berkshire stock and increased its holding to 12,521,812 shares. SPY followed with $52.1 million of net purchases, while IVV added $6.9 million. Other funds, including SPYM and RWL, also increased their positions, reinforcing the view that large-cap index and financial-sector vehicles were the main drivers of the day’s demand.
The broader pattern suggests ETF demand has leaned positive in recent sessions. Over the five most recently reported trading days, funds were net buyers on four days and net sellers on one, according to GuruFocus. That follows a day-by-day sequence of $50.6 million in net buying on October 12, $105.5 million in net selling on October 13, $136.3 million in net buying on October 14 and $8.7 million of net buying on October 15.
Berkshire itself remains a giant in the market, with a market value of about $1.14 trillion and trailing 12-month revenue of $384.69 billion, according to the figures cited by GuruFocus. The company reported a gross margin of 23.5% and a net margin of 22.3%, while the shares traded at a price-to-earnings ratio of 13.39 and a price-to-book ratio of 1.53. GuruFocus put the GF Value estimate at $475.48, below the stock price of $532.23, and assigned the shares a GF Score of 74. Investors watching the name may now be focused on whether ETF demand can sustain the recent buying pattern after the interruption seen on October 13.
Disclaimer: This article is intended to inform and educate, not to recommend or endorse any financial product, investment or strategy. Please consider your own financial circumstances and seek professional advice where appropriate before making financial decisions.
