RBC Reduces Stake in Delek US Amid Market Shifts

Royal Bank of Canada (RBC) has reduced its stock position in Delek US Holdings, Inc. (DK), decreasing its holdings by 39.3% during the first quarter.

The firm owned approximately 62,232 shares of DK's stock after selling 40,370 shares during the quarter, with a total value of $2,805,000 at the end of the most recent quarter.

This reduction in holdings is not unique to RBC, as other institutional investors have also modified their positions in Delek US.