Financial Sector Buybacks Hit Highest Level Ever

As the S&P 500 touched another record high last week, Bank of America’s clients continued to sell stocks, while etf net buys were hot especially in one sector, that’s according to the bank’s weekly Equity Client Flow trends report issued today.

The report notes that while net buys of ETFs for the week hit a four-week high, buying was offset by sales of single stocks Sales were led by institutional clients, who have sold stocks the last five weeks and are the biggest sellers of equities this year. Hedge funds were also sellers (for . . .


This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here

If you are subscribed and having an account error please clear cache and then cookies if that does not work email and we will get back to you as quick as humanly possible

Saved Articles

Are you a smart investor? Join tens of thousands of sophisticated investor reading our authoritative free newsletter

* indicates required

Opt out of occasional 3rd party offers

Congrats! Are you a smart person? We have a limited time offer for sophisticated and loyal readers like yourself.

Sign up today and get three months free

Use coupon code VIP19 or click on the button below

Limited time offer only expires 8/31/2019 or next 30 now just 2 subscribers whichever comes first – please do not share this discount with others