RBC Reduces Stake in KNX Amid Shifting Investor Sentiment

Royal Bank of Canada (RBC) has reduced its stake in Knight-Swift Transportation Holdings Inc. (KNX), selling off 292,645 shares in the first quarter.

This move represents a 64% decrease in RBC's position in KNX, leaving them with approximately 164,504 shares of stock.

The value of this stake is estimated to be around $9.47 million as of the latest SEC filing.

RBC's reduced stake in KNX comes amidst a broader trend of shifting investor sentiment towards the transportation sector.