ETFs Are Net Sellers of Visa (V) on Oct. 27

This article first appeared on GuruFocus.

In Tuesday’s session, 32 ETFs were buying Visa (V) shares versus 11 selling, yet ETF activity still tilted to net selling of $13.0 million because the sellers traded in larger amounts. The move snapped a one-day run of net buying, when $29.9 million flowed in on Oct. 26. The prior sessions were mixed, with net selling of $64.8 million on Oct. 23, net buying of $46.7 million on Oct. 22 and net selling of $37.2 million on Oct. 21.

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

Which ETFs sold V on Tuesday?

The largest sellers by dollar value were SPY ($24.2 million), DIA ($9.5 million) and XLF ($4.4 million). In all, 32 ETFs added shares and 11 cut them.

SPY accounted for the largest slice of the selling, shedding 60,146 shares worth $24.2 million, a 0.29% reduction in its stake and 1.03% of its portfolio. DIA cut 23,736 shares for $9.5 million, XLF trimmed 10,890 shares for $4.4 million, and SPHQ reduced 1,430 shares for $0.6 million. Smaller moves came from UDOW, IWY, IUSV and USMV. Visa operates in the Financial Services sector within the Credit Services industry and carries a market cap of $757.8 billion.

Have ETFs been buying or selling V 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 V do?

Visa is one of the world’s leaders in digital payments, operating VisaNet, a proprietary transaction processing network that provides authorization, clearing, and settlement among consumers, financial institution issuers and acquirers, and sellers in more than 200 countries and territories.

Visa’s trailing-12-month revenue was $45.90 billion, up 7.1% over the year, with a gross margin of 77.3% and a net margin of 51.2%. The stock trades at a P/E of 33.33, P/B of 21.55 and P/S of 16.96, against a market cap of $757.8 billion. Its GF Score is 98, and the GF Value of $372.42 compares with a price of $400.60. The dividend yield is 0.74%, and the shares have returned 14.91% year to date.