RBC Cuts Stake in NetApp Amid Institutional Shifts

Royal Bank of Canada reduced its holdings in NetApp by 7.8% during the first quarter, according to the bank's most recent SEC filing.

The firm owned approximately 1,354,220 shares after selling 114,625 shares during the period, which is about 0.69% of NetApp's total worth at the end of the quarter, valued at $138,659,000.

This move comes as other institutional investors have been adjusting their positions in NetApp, with some increasing their holdings and others decreasing them.