Industrial Select SPDR (XLI) Sells $11.2 Million More Caterpillar on Oct. 22

gurufocus.com · 2026-10-26

State Street Industrial Select Sector SPDR ETF (XLI) was alone in selling on Thursday, with no ETFs buying. The $30.16 billion fund recorded $183.4 million in g

TickrTrends take: The Industrial Select SPDR's sale of additional Caterpillar shares aligns with TickrTrends' current assessment that CAT trades at an overvalued level. Large-scale index fund selling activity can reflect rebalancing rather than fundamental concerns, though valuation-focused investors should monitor whether such moves by major holders correlate with deteriorating metrics in the Industrials sector. For those tracking CAT's valuation backdrop, this selling pressure against an already overvalued rating warrants attention to whether the company's fundamentals justify its current market pricing.

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