RBC Cuts Celanese Holdings by 96%

Royal Bank of Canada has significantly reduced its holdings in Celanese Corporation. According to a recent Form 13F filing, Royal Bank of Canada decreased its position by 95.9% in the first quarter.

The institutional investor now owns 88,302 shares of Celanese's stock after selling 2,044,914 shares during the quarter. This represents about 0.08% of Celanese worth $5,808,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also modified their holdings in Celanese, including Geneos Wealth Management Inc., National Bank of Canada FI, and UMB Bank n.a., who acquired new positions or increased existing ones.