PCM Encore LLC Invests Heavily in Royal Bank Of Canada Amid Institutional Buying Spree
A recent filing with the Securities and Exchange Commission revealed that PCM Encore LLC acquired 6,790 shares of Royal Bank Of Canada (RY) in the second quarter, valued at approximately $1,405,000.
This is not an isolated instance; other institutional investors have also been active in their holdings of RY. For example, Harvest Fund Management Co. Ltd purchased a new stake in the company worth around $25,000 in the fourth quarter.
As reported by MarketBeat, the stock opened at $205.27 on Friday and has a market capitalization of $284.63 billion. The company's 50-day moving average is $208.46, while its 200-day moving average is $186.53.