RBC Cuts Holdings in BorgWarner by Nearly 30%

Royal Bank of Canada reduced its holdings in BorgWarner Inc. (NYSE:BWA) by 29.6% during Q1, according to a recent Form 13F filing with the Securities and Exchange Commission.

The bank owned approximately 174,514 shares of the auto parts company's stock after selling 73,280 shares during the period.

Royal Bank of Canada held around 0.09% of BorgWarner's outstanding shares, which were worth around $9.47 million at the end of the reporting period.