RBC Bets Big on NetEase with 40.8% Stake Boost
Royal Bank of Canada (RBC) increased its stake in NetEase, Inc. by 40.8% during Q1, according to a recent SEC filing.
The bank now owns 99,814 shares of the technology company's stock, valued at $11,173,000.
This is not an isolated instance; several other hedge funds and institutional investors have also made changes to their NetEase holdings during Q1.