ETFs Are Buying SpaceX (SPCX) on Nov. 2

This article first appeared on GuruFocus.

Twenty-three ETFs were buying SpaceX (SPCX) versus seven selling on Monday, for net buying of $264.7 million. ETF activity has now favored the stock for two straight sessions. The buying followed a modest $11.4 million net inflow on Oct. 30, after a $52.1 million net outflow on Oct. 29. Net buying also came in at $108.7 million on Oct. 28 and $27.6 million on Oct. 27.

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For the full record of ETF and guru buying and selling in SPCX, see the SPCX guru trades page.

Which ETFs bought SPCX on Monday?

The largest buyers by dollar value were QQQI ($148.8 million), QQQ ($103.3 million) and BAI ($11.8 million). In all, 23 ETFs added shares and 7 cut them.

ETF

Shares changed

Value

Weight in ETF

QQQI

+1,091,188

$148.8M

2.22%

QQQ

+757,188

$103.3M

2.66%

BAI

+86,895

$11.8M

4.04%

QQQM

+80,956

$11.0M

2.66%

CGUS

+10,594

$1.4M

0.05%

QLD

+9,075

$1.2M

2.68%

GPIQ

+7,239

$1.0M

2.62%

URTH

+987

$0.1M

0.09%

QQQI led the move with $148.8 million of value change, lifting its stake by 85.69% to 2,364,555 shares at a 2.22% weight. QQQ added $103.3 million, and BAI contributed $11.8 million, while QQQM added $11.0 million. SpaceX sits in the Industrials sector, in the Aerospace & Defense industry, with a market cap of $1.92 trillion.

Have ETFs been buying or selling SPCX lately?

Over the last 5 reported days, ETFs were net buyers on 4 and net sellers on 1, so the recent trend is mostly buying.

Date

Net value

Buying

Selling

Nov. 2

$264.7M

Oct. 30

$11.4M

Oct. 29

-$52.1M

Oct. 28

$108.7M

Oct. 27

$27.6M

What does SPCX do?

Space Exploration Technologies (SpaceX) is a privately held American space launch and satellite communications company founded by Elon Musk in 2002 with the long-term goal of making humanity multiplanetary.

SpaceX reported trailing-12-month revenue of $27.08 billion, up 33.2% over one year. Gross margin was 56.1% and net margin -1.5%. The stock trades at a P/B of 10.85 and a P/S of 69.78, with a market cap of $1.92 trillion and a price of $141.31. Its GF Score is 21.