21 ETFs Add to Berkshire Hathaway (BRK.B) on Wednesday

This article first appeared on GuruFocus.

SPY led the buying in Wednesday’s session, adding $112.8 million of Berkshire Hathaway (BRK.B) as ETF activity turned positive. In total, 21 ETFs bought shares while 10 sold, for a net inflow of $136.3 million. The move followed a net outflow of $105.5 million on Oct. 13, and marked the first day of net buying after two straight days of gains on Oct. 12 and Oct. 9.

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

Which ETFs bought BRK.B on Wednesday?

The largest buyers by dollar value were SPY ($112.8 million), JAVA ($34.2 million) and IVV ($7.4 million). In all, 21 ETFs added shares and 10 cut them.

SPY accounted for the bulk of the day’s buying, with a $112.8 million increase in its Berkshire stake, followed by JAVA at $34.2 million and IVV at $7.4 million. SPYM, JGRO, IUSG, SSO and XLG each added smaller amounts. Berkshire Hathaway operates in the Financial Services sector, specifically the Insurance – Diversified industry, and carries a market capitalization of $1.13 trillion.

Have ETFs been buying or selling BRK.B lately?

Over the last 5 reported days, ETFs were net buyers on 4 and net sellers on 1, so the recent trend is mostly buying.

What does BRK.B do?

Berkshire Hathaway is a holding company owning subsidiaries engaged in numerous diverse business activities, managed on an unusually decentralized basis from its Omaha, Nebraska headquarters.

Berkshire Hathaway reported trailing-12-month revenue of $384.69 billion, up 3.9% year over year, with a gross margin of 23.5% and a net margin of 22.3%. The stock trades at a P/E of 13.23, a P/B of 1.51 and a P/S of 2.95. Its GF Score is 74, and at $525.68 the price sits below the GF Value of $476.06. The shares have returned 4.58% year to date.

BRK.B at a glance

Compare BRK.B’s share price with its GF Value, see recent insider trades, or check which gurus own BRK.B.