Forex
RBC Boosts Stake in West Fraser Timber Amid Ongoing Economic Uncertainty
Royal Bank of Canada (RBC) has increased its stake in West Fraser Timber Co. Ltd. (NYSE:WFG), a leading North American diversified wood products company, by 10.3% in the first quarter, according to the bank's most recent 13F filing with the Securities and Exchange Commission.
The firm now owns approximately 4.54% of West Fraser Timber worth $225.31 million as of its most recent filing. RBC acquired an additional 321,102 shares during the period, bringing its total holdings to 3,450,867 shares.
Other large investors have also made changes to their positions in West Fraser Timber. Parallel Advisors LLC increased its stake by 72.2% in the first quarter, while EFG International AG acquired a new stake in the fourth quarter valued at $31,000.