Blackrock selling is no surprise.
If you think about it, PPT is now a lower % of the index than it was (say) 12 months ago.
As Blackrock's own products are ETF's which reflect the index/indices, then they should be a seller as PPT's value goes down in order to reflect the new index %.
ETF's therefore give added (sometimes unwarranted) downward momentum to a falling price of a stock to reflect their objectives.
DYOR.
Blackrock selling is no surprise.If you think about it, PPT is...
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Last
$18.31 |
Change
0.070(0.38%) |
Mkt cap ! $2.086B | |||
| Open | High | Low | Value | Volume |
| $18.23 | $18.42 | $18.22 | $602.9K | 32.94K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 214 | $18.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.32 | 611 | 7 |
View Market Depth
| Last trade - 11.42am 27/09/2024 (20 minute delay) ? |
| PPT (ASX) Chart |