RBC Stock Declines Amid Sustained Institutional Buying

Royal Bank of Canada's stock price continues to decline, down 1.47% at C$294.77.

However, recent institutional buying activity suggests sustained investor interest in the bank.

The Manufacturers Life Insurance Company increased its position in Royal Bank of Canada by 2.1% in the first quarter, bringing total holdings to over 12.1 million shares.

This increase in institutional buying has tempered selling pressure and may set the stage for future price support.