Forex
RBC Cuts Stake in Campbell's Company by Almost 49%
Royal Bank of Canada (RBC) reduced its stake in Campbell's Company by 48.8% in the first quarter, according to a recent Form 13F filing with the Securities and Exchange Commission.
The bank sold 391,828 shares during the period, leaving it with 410,575 shares of Campbell's stock worth approximately $9.1 million at the end of the quarter.
RBC owned just 0.14% of Campbell's Company, which has a market capitalization of around $6.87 billion.
Other institutional investors and hedge funds have also made changes to their positions in Campbell's Company during the first quarter.
Cerity Partners LLC, for example, increased its holdings by 190.3% in the fourth quarter, while Dimensional Fund Advisors LP boosted its position by 23.3% in the same period.