D-Wave Quantum Stock Loses Institutional Support as Royal Bank of Canada Sells Shares
Royal Bank of Canada reduced its stake in D-Wave Quantum Inc. by 19.7% in the first quarter, selling off 59,198 shares.
The bank owned 240,749 shares after the sale and had a total investment worth $3,474,000 in D-Wave Quantum as of its latest SEC filing.
This wasn't an isolated incident; other institutional investors also made changes to their positions in the company during the first quarter.