ETFs weren’t the only holdings in which John Buckingham (Trades, Portfolio), chief investment officer of AFAM Capital, traded in the fourth quarter, but they were well represented.
Buckingham sold nearly 60% of his stake in SPDR Barclays Short Term High Yld. Bd. ETF (SJNK, Financial). The guru sold 443,406 shares for an average price of $26.27 per share. The deal had a -1.82% impact on Buckingham’s portfolio.
The remaining stake of 300,754 shares is 1.2% of Buckingham’s total assets. Buckingham is the ETF’s leading shareholder among the gurus.
The ETF sold for $25.68 per share Tuesday.
Buckingham reduced his stake in another ETF, Market Vectors Emerging Markets High Yield Bond ETF (HYEM, Financial), by more than 57%. Buckingham sold 269,640 shares for an average price of $22.34 per share. The transaction had a -0.93% impact on the guru’s portfolio.
The remaining stake of 202,501 shares is 0.69% of Buckingham’s total assets. Buckingham is the only guru with shares of the ETF in his portfolio.
The ETF sold for $22.43 per share Tuesday.
Buckingham purchased a 174,502-share stake in yet another ETF, Vanguard Mortgage-Backed Securities ETF (VMBS, Financial), paying an average price of $52.67 per share in a deal that had a 1.42% impact on his portfolio.
The stake is 1.42% of Buckingham’s total assets. Buckingham is the ETF’s leading shareholder among the gurus.
The ETF sold for $53.21 per share Tuesday.
Buckingham invested in Vanguard Short-Term Corporate Bond ETF (VCSH, Financial), acquiring a 69,074-share stake for an average price of $79.06 per share. The transaction had a 0.84% impact on Buckingham’s portfolio.
The stake is 0.84% of Buckingham’s total assets. Buckingham is the ETF’s leading shareholder among the gurus.
The ETF sold for $79.22 per share Tuesday.
Buckingham acquired a 17,389-share stake in Biogen Inc. (BIIB, Financial), a Cambridge, Massachusetts-based biotechnology company, paying an average price of $287.66 per share. The deal had a 0.82% impact on Buckingham’s portfolio.
The stake is 0.01% of Biogen’s outstanding shares and 0.82% of Buckingham’s total assets. PRIMECAP Management (Trades, Portfolio) is Biogen’s leading shareholder among the gurus with 15,810,625 shares in its portfolio. The stake is 7.23% of Biogen’s outstanding shares and 4.95% of PRIMECAP’s total assets.
Biogen has a P/E of 16.3, a forward P/E of 12.7, a P/B of 6 and a P/S of 6.6. GuruFocus gives Biogen a Financial Strength rating of 9/10 and a Profitability and Growth rating of 9/10.
Biogen sold for $250.31 per share Tuesday.
Buckingham invested in a 70,636-share stake in Duke Energy Corporation (DUK, Financial), a Charlotte, North Carolina-based electric power holding company. The guru paid an average price of $70.29 per share in a transaction that had a 0.78% impact on his portfolio.
The stake is 0.01% of Duke Energy’s outstanding shares and 0.78% of Buckingham’s total assets. Jim Simons (Trades, Portfolio) is Duke Energy’s leading shareholder among the gurus with a stake of 3,208,267 shares in his portfolio. The stake is 0.47% of Duke Energy’s outstanding shares and 0.5% of Simons’ total assets.
Duke Energy has a P/E of 19.3, a forward P/E of 16, a P/B of 1.3 and a P/S of 2.3. GuruFocus gives Duke Energy a Financial Strength rating of 6/10 and a Profitability and Growth rating of 8/10.
Duke Energy sold for $77.84 per share Tuesday.
Buckingham purchased a 237,373-share stake in Fifth Third Bancorp (FITB, Financial), a banking and financial services company based in Cincinnati, for an average price of $19.84 per share. The acquisition had a 0.74% impact on Buckingham’s portfolio.
The stake is 0.03% of Fifth Third’s outstanding shares and 0.74% of Buckingham’s total assets. Fifth Third’s leading shareholder among the gurus is James Barrow (Trades, Portfolio) with a stake of 15,834,067 shares. The stake is 2.02% of Fifth Third’s outstanding shares and 0.47% of Barrow’s total assets.
Fifth Third has a P/E of 8.5, a forward P/E of 9.6, a P/B of 0.9 and a P/S of 2.1. GuruFocus gives Fifth Third a Financial Strength rating of 6/10 and a Profitability and Growth rating of 5/10.
Fifth Third sold for $17.14 per share Tuesday.
Buckingham bought a 48,362-share stake in Cummins Inc. (CMI, Financial), a Columbus, Indiana-based heavy equipment company, paying an average price of $99.64 per share. The transaction had a 0.66% impact on Buckingham’s portfolio.
The stake is 0.03% of Cummins’ outstanding shares and 0.66% of Buckingham’s total assets. HOTCHKIS & WILEY is Cummins’ leading shareholder among the gurus with 5,773,243 shares in its portfolio. The stake is 3.31% of Cummins’ outstanding shares and 2.06% of HOTCHKIS & WILEY’s total assets.
Cummins has a P/E of 13.4, a forward P/E of 12.8, a P/B of 2.5 and a P/S of 1. GuruFocus gives Cummins a Financial Strength rating of 6/10 and a Profitability and Growth rating of 7/10.
Cummins sold for $104.37 per share Tuesday.
Buckingham invested in a 34,276-share stake in iShares Agency Bond ETF (AGZ, Financial). He paid an average price of $113.06 in a deal that had a 0.6% impact on Buckingham’s portfolio.
The stake is 0.6% of Buckingham’s total assets. Buckingham is the ETF’s leading shareholder among the gurus.
The ETF sold for $113.84 per share Tuesday.
Buckingham acquired a 132,745-share stake in The GEO Group Inc. (GEO, Financial), a Florida-based company specializing in outsourced correctional services. The guru paid an average price of $29.97 per share in a deal that had a 0.59% impact on his portfolio.
The stake is 0.18% of The GEO Group’s outstanding shares and 0.59% of Buckingham’s total assets. The GEO Group’s leading shareholder among the gurus is HOTCHKIS & WILEY with a stake of 3,827,888 shares. The stake is 5.13% of The GEO Group’s outstanding shares and 0.45% of HOTCHKIS & WILEY’s total assets.
The GEO Group has a P/E of 16, a forward P/E of 15.8, a P/B of 2.3 and a P/S of 1.2. GuruFocus gives The GEO Group a Financial Strength rating of 7/10 and a Profitability and Growth rating of 7/10.
The GEO Group sold for $30.04 per share Tuesday.
Buckingham purchased an 18,239-share stake in Vanguard S&P 500 ETF (VOO, Financial) for an average price of $187.58 per share. The transaction had a 0.53% impact on Buckingham’s portfolio.
The stake is 0.53% of Buckingham’s total assets. John Rogers (Trades, Portfolio) is the ETF’s leading shareholder among the gurus with a stake of 165,187 shares. The stake is 0.37% of Rogers’ total assets.
The ETF sold for $185.32 per share Tuesday.
Buckingham sold his 344,855-share stake in NVIDIA Corp. (NVDA), a Santa Clara, California-based technology company, for an average price of $30.29 per share. The deal had a -1.3% impact on Buckingham’s portfolio.
NVIDIA’s leading shareholder among the gurus is PRIMECAP Management (Trades, Portfolio) with a stake of 29,067,675 shares. The stake is 5.4% of NVIDIA’s outstanding shares and 0.98% of PRIMECAP’s total assets.
NVIDIA has a P/E of 29.6, a forward P/E of 18.3, a P/B of 4.1 and a P/S of 3.7. GuruFocus gives NVIDIA a Financial Strength rating of 6/10 and a Profitability and Growth rating of 7/10.
NVIDIA sold for $32.10 per share Tuesday.
Buckingham sold his 67,033-share stake in Technology Select Sector SPDR® ETF (XLK) for an average price of $42.95 per share. The divestiture had a -0.4% impact on Buckingham’s portfolio.
Louis Moore Bacon (Trades, Portfolio) is the ETF’s leading shareholder among the gurus with a stake of 135,571 shares. The stake is 0.18% of Bacon’s total assets.
The ETF has a P/E of 18.
The ETF sold for $43.03 per share Tuesday.
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