Royal Bank of Canada (RBC) reduced its holdings in Loews Corporation by 18.3% during the first quarter, according to a recent filing with the Securities and Exchange Commission.
The bank owned approximately 0.26% of Loews' shares, valued at $57,374,000, after selling 120,539 shares during the quarter.
This move is not an isolated incident; several other hedge funds also adjusted their stakes in Loews during the same period.
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