RBC Boosts Stake in Otter Tail Corporation with Significant Share Purchase

Royal Bank of Canada has significantly increased its stake in Otter Tail Corporation (NASDAQ:OTTR), according to the company's latest SEC filing.

The financial institution purchased an additional 41,924 shares during the first quarter, boosting its position by 30.8% and bringing its total holdings to 178,161 shares.

This represents a substantial increase in Royal Bank of Canada's investment in Otter Tail Corporation, with the bank now owning approximately 0.42% of the company's stock worth $15.64 million as of its most recent SEC filing.