Forex
RBC Buys Up More CCI Shares Amid Growing Telecom Infrastructure Demand
Royal Bank of Canada has increased its holdings in shares of Crown Castle Inc. (NYSE: CCI) by 28.6% in the 1st quarter, according to its latest SEC filing.
The bank purchased an additional 938,653 shares during this period and now owns approximately 4,222,008 shares of the real estate investment trust's stock.
This acquisition brings Royal Bank of Canada's stake in Crown Castle to around 0.97% of the company's total value, which is estimated at $343,291,000 as of its most recent reporting period.
Several other hedge funds have also added to their stakes in Crown Castle during this time, including Wiser Advisor Group LLC and Hilton Head Capital Partners LLC.