Forex
RBC Cuts Stake in Williams Companies Amid Broader Energy Sector Volatility
Royal Bank of Canada (RBC) has reduced its stake in Williams Companies, Inc. (The) $WMB by selling 1,303,214 shares during the first quarter, according to a recent 13F filing with the SEC.
The firm now owns approximately 12,128,639 shares of WMB's stock after the sale, which represents a 9.7% decrease in its stake.
At the end of the most recent quarter, RBC owned around 0.99% of Williams Companies worth $882,725,000.
This move by RBC comes as other institutional investors have also been actively buying and selling WMB shares. For example, BROOKFIELD Corp ON raised its holdings in WMB by 190.3% in the second quarter, while Clearbridge Investments LLC increased its stake in WMB by 21.3% in the fourth quarter.