RBC Boosts Stake in Stryker with New Share Purchase
Royal Bank of Canada (RBC) has increased its stake in Stryker Corporation (SYK), purchasing an additional 199,863 shares during the first quarter. This represents a 6.5% boost to RBC's overall stake in SYK.
The total value of RBC's holdings is now approximately $1.075 billion, accounting for about 0.85% of Stryker's outstanding shares.
This move follows other institutional investors such as Brighton Jones LLC and Marshall Wace LLP also increasing their stakes in SYK during the second quarter.