Forex
Ninepoint Partners LP Takes $29.768 Million Stake in Royal Bank Of Canada
Ninepoint Partners LP has purchased a new stake in Royal Bank Of Canada (RBC) worth approximately $29.768 million, according to its most recent filing with the Securities & Exchange Commission.
The fund acquired 143,827 shares of RBC's stock, which accounts for about 2.3% of Ninepoint Partners LP's holdings, making it the company's 9th largest holding.
Ninepoint Partners LP is not alone in increasing its stake in RBC. Other hedge funds such as HighTower Advisors LLC, Fisher Asset Management LLC, and Rathbones Group PLC also boosted their positions in the financial services provider during the fourth quarter of last year.