What's Going On With Ulta Beauty Shares Friday?

Ulta Beauty, Inc. ULTA stock is moving lower Friday after Warren Buffet‘s Berkshire Hathaway cut its position in the company.

What To Know: Buffet’s Berkshire Hathaway cut nearly all of its position in the beauty brand, according to Berkshire’s latest 13F filing.

Berkshire initially reported holding 690,106 shares in Ulta in an August filing. The latest 13F filing, released Thursday, shows its position has been reduced to 24,203 shares, a 96% cut.

The filing also indicates new positions in Domino’s Pizza Inc. DPZ and Pool Corporation POOL. Berkshire acquired 1,277,256 shares of Domino’s, valued at approximately $549 million, and 404,057 shares of Pool Corp, worth about $152 million.

Furthermore, the filing shows that Berkshire continued to reduce its stake in Apple Inc. AAPL and Bank of America Corporation BAC. The August filing represents the company’s holdings as of June 30, while Thursday’s filing reports Berkshire’s holdings as of Sept. 30.

How To Buy Ulta Stock

Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, in Ulta Beauty's case, it is in the Consumer Discretionary sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

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ULTA Price Action: At the time of writing, Ulta stock is moving 2.39% lower at $373.24, Domino’s shares are moving 2.07% higher at $444.98, Pool stock is moving 2.52% higher at $366.51, Bank of America shares are trading 0.86% higher at $46.29, and Apple stock is moving 1.45% lower at $244.88 per data from Benzinga Pro.

Image: Photo via Wikimedia Commons