Forex
RBC Sells Off Over 5 Million Shares in Comcast
Royal Bank of Canada has reduced its stake in Comcast Corporation by selling off 5.12 million shares, according to its most recent filing with the Securities & Exchange Commission.
The fund now owns approximately 8.07 million shares of Comcast's stock after this sale, which is worth around $231.68 million at the end of the quarter.
This change in ownership represents a 38.8% decrease in Royal Bank of Canada's position in Comcast and accounts for about 0.23% of the cable giant's outstanding shares.