RBC Boosts Stake in Stifel Financial by 43%

Stifel Financial Corporation (NYSE:SF) has seen its stock increase in value after Royal Bank of Canada increased its position in the company by 43.0% during the first quarter, according to a recent SEC filing.

The fund owned 143,081 shares of Stifel Financial's stock, valued at $10,578,000, after acquiring an additional 43,036 shares during the period.

This is not the only institutional investor that has increased its stake in Stifel Financial. Activest Wealth Management lifted its holdings by 12,000.0% during the fourth quarter and now owns 242 shares of the financial services provider's stock valued at $30,000.