ETFs Are Net Sellers of Alphabet (GOOGL) on Thursday

This article first appeared on GuruFocus. BAI drove the biggest move, cutting its Alphabet (GOOGL) position by $250.5 million on Thursday as ETF activity turned negative. The day's net selling came to $379.4 million, though more funds traded the other way: 39 ETFs bought shares versus 24 that sold, with the buyers' amounts smaller. That snapped a two-day run of net buying, after inflows of $75.9 million on Oct. 27 and $259.8 million on Oct. 28. The prior session on Oct. 26 had seen a net outflow of $81.8 million. Warning! GuruFocus has detected 4 Warning Sign with MSFT. Is GOOGL fairly valued? Test your thesis with our free DCF calculator. Track the latest ETF buying and selling trends and search funds in the GuruFocus ETF Screener.