Edmond DE Rothschild Holding S.A. Buys Royal Bank of Canada Stock
Edmond DE Rothschild Holding S.A., a financial services firm, has acquired a new position in Royal Bank of Canada (RY), a major Canadian bank. The firm purchased approximately 8,248 shares of RY's stock during the second quarter, worth around $1,702,000.
This is not an isolated instance; other institutional investors have been increasing their stakes in RY as well. In the fourth quarter, Vanguard Group Inc. boosted its stake by 1.9%, acquiring an additional 1,290,142 shares. FIL Ltd also increased its holdings by 1.1% through the purchase of 255,465 more shares.
Other notable institutional investors have also been making significant purchases of RY's stock. Norges Bank acquired a new position in the fourth quarter, valued at approximately $3,472,382,000. Geode Capital Management LLC grew its holdings by 6.9% during the same period, acquiring an additional 882,253 shares.