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Beacon Pointe Advisors Buys $2.76 Million Stake in Royal Bank of Canada

Guavy AI Editorial Team
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Beacon Pointe Advisors LLC has acquired a new stake in Royal Bank of Canada (RY), purchasing approximately $2.76 million worth of shares during the second quarter.

The firm bought 13,332 shares of RY's stock, which is valued at around $2.759 million, according to its most recent filing with the Securities and Exchange Commission.

This is not an isolated move by Beacon Pointe Advisors LLC; several other institutional investors have also modified their holdings in RY recently.

For example, Key Financial Inc grew its stake in RY by 63.0% during the first quarter, while Maseco LLP lifted its stake in RY by 355.0% during the same period.

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