RBC Sells Over 17,500 Shares of Ambarella Inc.
Royal Bank of Canada (RBC) reduced its position in Ambarella Inc. (NASDAQ: AMBA) by 63.1% during Q1, according to a recent SEC filing.
The fund sold 17,575 shares during the period and owned 10,267 shares worth $529,000 at the end of Q1.
This is not an isolated incident; several other institutional investors have made changes to their positions in AMBA this quarter.