Royal Bank of Canada Lowers Position in SPDR S&P Kensho Clean Power ETF $CNRG

Royal Bank of Canada cut its stake in shares of SPDR S&P Kensho Clean Power ETF (NYSEARCA:CNRG) by 58.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,333 shares of the company’s stock after selling 9,011 shares during the period. Royal Bank of Canada owned about 0.30% of SPDR S&P Kensho Clean Power ETF worth $572,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Matthew Goff Investment Advisor LLC purchased a new stake in shares of SPDR S&P Kensho Clean Power ETF in the first quarter valued at about $19,359,000. Northbridge Financial Group LLC purchased a new position in SPDR S&P Kensho Clean Power ETF during the fourth quarter worth about $536,000. Nalls Sherbakoff Group LLC bought a new stake in SPDR S&P Kensho Clean Power ETF in the 4th quarter worth about $168,000. Wealthfront Advisers LLC bought a new stake in SPDR S&P Kensho Clean Power ETF in the 4th quarter worth about $272,000. Finally, Cetera Investment Advisers increased its stake in SPDR S&P Kensho Clean Power ETF by 22.3% in the 4th quarter. Cetera Investment Advisers now owns 3,062 shares of the company’s stock valued at $274,000 after buying an additional 559 shares during the last quarter.

SPDR S&P Kensho Clean Power ETF Stock Down 1.5%

SPDR S&P Kensho Clean Power ETF stock opened at $88.65 on Tuesday. The stock has a market cap of $192.37 million, a P/E ratio of 20.46 and a beta of 1.44. The company’s 50 day moving average price is $99.48 and its two-hundred day moving average price is $100.65. SPDR S&P Kensho Clean Power ETF has a 52 week low of $71.78 and a 52 week high of $125.76.

SPDR S&P Kensho Clean Power ETF Profile

The SPDR Kensho Clean Power ETF (CNRG) is an exchange-traded fund that is based on the S&P Kensho Clean Power index. The fund tracks a tier-weighted index of US equities associated with the clean power sector. CNRG was launched on Oct 22, 2018 and is managed by State Street.