Man Group Takes $38.6M Position in Royal Bank of Canada

Man Group plc has acquired a new position in shares of Royal Bank Of Canada (NYSE:RY) worth approximately $38.62 million, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 186,560 shares valued at around $38.616,000.

This is not an isolated instance, as other institutional investors and hedge funds have also increased their stakes in Royal Bank Of Canada during the second quarter. Harvest Fund Management Co. Ltd acquired a new stake worth approximately $25,000, while Key Financial Inc raised its holdings by 63% in the first quarter.

Johnson Financial Group Inc. also acquired a new position in shares of Royal Bank Of Canada in the third quarter worth around $27,000. Maseco LLP boosted its stake in Royal Bank Of Canada by 355% in the first quarter.