OMERS Administration Sells Stake in Royal Bank of Canada

OMERS Administration Corp has reduced its stake in Royal Bank of Canada (RY) by selling 319,167 shares in the first quarter. This represents a 31.9% decrease in holdings.

The institutional investor now owns 681,357 shares of RY's stock after the sale. At the end of the most recent quarter, OMERS Administration Corp's holdings in Royal Bank of Canada were valued at $109,794,000.

This is not an isolated incident; other institutional investors have also made significant changes to their positions in RY during the fourth quarter. Norges Bank bought a new position worth approximately $3,472,382,000, and Alberta Investment Management Corp purchased a new stake valued at around $324,237,000.

Despite this, Vanguard Group Inc. increased its holdings by 1.9% in the fourth quarter, owning 67,628,463 shares of RY's stock worth $11,529,165,000 after acquiring an additional 1,290,142 shares during the last quarter.