This article first appeared on GuruFocus.

Fifteen ETFs were buying Erie Indemnity (ERIE) shares versus 13 selling in Friday’s session, but the sellers moved larger amounts, producing $47.9 million in net ETF selling. More funds traded the other way, yet in smaller amounts. The move followed a stretch of modest net buying: $0.3 million on Oct. 29, $6.5 million on Oct. 28, $0.1 million on Oct. 27 and $0.3 million on Oct. 26. The selling streak stands at one day.

Every ETF and guru trade in ERIE is tracked on the ERIE guru trades page.

Which ETFs sold ERIE on Friday?

The largest sellers by dollar value were NOBL ($23.8 million), SDY ($18.3 million) and KNG ($6.9 million). In all, 15 ETFs added shares and 13 cut them.

NOBL accounted for the largest share of the move, cutting its position by 90,918 shares for a $23.8 million decline in value, a 11.7% reduction in its stake. SDY trimmed 70,004 shares, a $18.3 million value change and a 24.87% cut, while KNG reduced holdings by 26,267 shares, worth $6.9 million and a 11.7% stake reduction. Smaller adjustments came from XLF, down 1,179 shares for $0.3 million, and BBMC, down 340 shares for $0.1 million. Erie Indemnity operates in the Financial Services sector within the Insurance Brokers industry and carries a market cap of $12.8 billion.

Have ETFs been buying or selling ERIE lately?

Over the last 5 reported days, ETFs were net buyers on 4 and net sellers on 1, so the recent trend is mostly buying.

What does ERIE do?

Erie Indemnity Company is a management company that serves as the attorney-in-fact for the Erie Insurance Exchange, a reciprocal insurance exchange. It manages the exchange’s operations, including sales, underwriting, policy issuance, and administrative services, and earns management fees calculated as a percentage of the exchange’s premiums.

Erie Indemnity reported trailing-12-month revenue of $4.12 billion, up 2.0% over the past year, with a gross margin of 17.8% and a net margin of 14.0%. The stock trades at a P/E of 25.05, a P/B of 5.0 and a P/S of 3.5, against a market cap of $12.8 billion. Its GF Score is 85, and the GF Value of $366.77 compares with a price of $273.93. The dividend yield is 2.17%, and the shares are down 2.18% year to date.