Coca-Cola ETF Flows Reversal: $33.2 Million Sold on Thursday

Coca-Cola (KO) saw a reversal in ETF flows on Thursday, September 24. After two consecutive days of net buying, a total of $33.2 million worth of Coca-Cola shares were sold by exchange-traded funds. This comes after net inflows of $92.3 million on September 23 and $46.3 million on September 22.

However, the selling was not uniform across all ETFs. While 30 funds bought KO shares, 27 others sold their stakes. Among the top sellers, SPY reduced its stake by 331,224 shares for a decrease of $29.2 million, leaving it with 47,397,305 shares.

Coca-Cola's market cap stands at $377.8 billion, and the company has reported trailing-12-month revenue of $50.57 billion, up 7.5% year over year. Its P/E ratio is 26.46, and its dividend yield is 2.38%. The stock has gained 28.04% so far this year.