RBC Trims Stake in Brookfield Asset Management
Royal Bank of Canada trimmed its stake in Brookfield Asset Management shares by 2.3% during the first quarter, according to a recent filing with the Securities and Exchange Commission. The bank owned 19,709,657 shares after selling 468,701 shares during this period.
The bank's position is worth approximately $876,094,000 at the end of the most recent reporting period, accounting for about 1.20% of Brookfield Asset Management's outstanding shares. Other institutional investors have also adjusted their stakes in the company recently.
Norges Bank purchased a new position in Brookfield Asset Management in the fourth quarter valued at around $263,444,000, while Principal Financial Group Inc. increased its stake by 62.0% during this period. Northwestern Mutual Wealth Management Co. boosted its stake by an impressive 88,805.2% during the same quarter.