PRA Group: Royal Bank of Canada Trims Stake by 14.8%
Royal Bank of Canada reduced its stake in PRA Group, Inc. (NASDAQ:PRAA) by 14.8% during the first quarter, according to its SEC filing.
The bank owned approximately 2.09% of PRA Group's shares worth $13,966,000 as of its most recent SEC filing.
This is not an isolated incident; several institutional investors and hedge funds have recently adjusted their holdings in PRAA stock.