ETFs were net sellers of $164.2 million of Broadcom (AVGO) on Thursday, although 46 funds bought and 29 sold, with the buying amounts smaller. QQQ led the selling, cutting 170,752 shares for a $58.9 million reduction, followed by SPY ($50.3 million) and TECL ($46.5 million). The outflow ended a four-day run of net buying, which included $169.2 million on Oct. 28 and $122.3 million on Oct. 23. Over the last five reported days, ETFs were net buyers on four and net sellers on one. Broadcom, a semiconductor and infrastructure software company, has a market cap of $1.56 trillion; its trailing-12-month revenue was $89.10 billion, up 47.3% over one year, and its year-to-date return is -5.27%.
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