Royal Bank of Canada (RBC) increased its holdings in Moelis & Company by 43.1% during the first quarter, according to a recent SEC filing.
The firm now owns 649,724 shares of Moelis & Company's stock after acquiring an additional 195,752 shares during the period.
RBC's total stake in Moelis & Company is worth $37 million and represents about 0.83% of the asset manager's outstanding shares.
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