RBC Sells 207k Shares of Sony, Reduces Stake by 3.1%

Royal Bank of Canada (RBC) has made adjustments to its portfolio by selling 207,188 shares of Sony Corporation in the first quarter. This move resulted in a decrease of 3.1% in RBC's position in Sony.

The fund now owns approximately 6,571,734 shares of Sony stock, valued at $136,035,000 as per its latest SEC filing. This represents about 0.11% of Sony's total shares outstanding.

This is not an isolated incident, as other institutional investors have also been making adjustments to their stakes in Sony. For example, Fisher Asset Management LLC increased its position by 4.1% in the fourth quarter and now owns over 108 million shares worth around $2.79 billion.