RBC Cuts First Solar Stake by Nearly 53%

Royal Bank of Canada recently disclosed that it has reduced its holdings in First Solar, Inc. by 52.8% in the first quarter.

The financial institution owned approximately 212,567 shares of the solar cell manufacturer's stock after selling 237,768 shares during the quarter.

This reduction in ownership represents about 0.20% of First Solar's total shares outstanding and is valued at $41,930,000 as of its most recent filing with the Securities & Exchange Commission.