ETFs Are Net Sellers of Morgan Stanley (MS) on Oct. 19

This article first appeared on GuruFocus.

ETFs sold a net $17.3 million of Morgan Stanley (MS) on Monday, though more funds traded the other way but in smaller amounts: 25 ETFs bought shares versus 18 that sold, with 141 holding. The move extended a choppy stretch for ETF activity in the stock, which included net buying of $14.2 million on Oct. 16, net selling of $12.5 million on Oct. 15, net buying of $6.5 million on Oct. 14 and net selling of $19.3 million on Oct. 13. Monday marked the first day of the current same-direction streak.

Looking for a fund? Use the ETF Screener, and follow daily fund activity on the ETF Trends page.

Every ETF and guru trade in MS is tracked on the MS guru trades page.

Which ETFs sold MS on Monday?

The largest sellers by dollar value were XLF ($12.3 million), KBWB ($3.4 million) and JGLO ($2.9 million). In all, 25 ETFs added shares and 18 cut them.

The largest seller was XLF, which trimmed its position by 68,688 shares for a $12.3 million reduction, leaving it with 7,956,545 shares at a 2.75% weight. KBWB cut 19,224 shares worth $3.4 million at a 7.43% weight, while JGLO shed 16,010 shares for $2.9 million. SPY and IVV also reduced modestly, by $1.6 million and $1.4 million respectively. Morgan Stanley operates in the Financial Services sector within the Capital Markets industry and carries a market cap of $283.3 billion.

Have ETFs been buying or selling MS 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 MS do?

Morgan Stanley is a leading global financial services firm and financial holding company providing investment banking, securities, wealth management, and investment management services to corporations, governments, financial institutions, and individuals in more than 40 countries.

Morgan Stanley reported trailing-12-month revenue of $80.17 billion, up 26.9% over one year, with a net margin of 25.5%. Its valuation stands at a P/E of 14.31, P/B of 2.64 and P/S of 3.54 against a $283.3 billion market cap. The stock has a GF Score of 82, a GF Value of $179.95 versus a price of $180.40, a dividend yield of 2.22% and a year-to-date return of 3.29%.