What State Street Industrial Select SPDR (XLI) Sold: GE Leads on Oct. 30

This article first appeared on GuruFocus. State Street Industrial Select Sector SPDR ETF (XLI) was alone among the ETFs tracked in Friday's session, with no funds buying and one selling. The $31.20 billion fund recorded $167.4 million in gross ETF activity, all of it on the sell side, for a net outflow of $167.4 million. XLI increased no positions and decreased all 83 of its holdings, and it made no new purchases. What did XLI sell on Friday? Is XLI fairly valued? Test your thesis with our free DCF calculator. Its largest sells by dollar value were GE ($9.9 million), CAT ($9.0 million) and RTX ($8.5 million). Stock Shares changed Value Position GENERAL ELECTRIC (GE) -32,660 -$9.9M 5.89% of fund CATERPILLAR INC (CAT) -14,480 -$9.0M 5.