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HSBC Takes Stake in Royal Bank of Canada for Over $22 Million

Guavy AI Editorial Team
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HSBC Holdings PLC acquired a new position in Royal Bank Of Canada (NYSE:RY) during the second quarter, according to its latest Form 13F filing with the Securities & Exchange Commission.

The institutional investor purchased 108,887 shares of the financial services provider's stock, valued at approximately $22.54 million.

This is not an isolated incident; other institutional investors and hedge funds have been increasing their stakes in Royal Bank Of Canada as well.

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