BlackRock Invests $304 Million in Royal Bank of Canada

BlackRock Inc., one of the world's largest asset management companies, has made a significant investment in Royal Bank Of Canada (RY) worth approximately $303.75 million.

The investment was made in the second quarter, according to BlackRock's most recent Form 13F filing with the Securities and Exchange Commission (SEC).

BlackRock bought 1,467,611 shares of Royal Bank Of Canada's stock, valued at around $303.751 million.

This is not an isolated incident, as other hedge funds have also made changes to their positions in Royal Bank Of Canada recently.