RBC Trims Stake in Corebridge Financial by Nearly 70%

Royal Bank of Canada (RBC) reduced its stake in Corebridge Financial, Inc. (NYSE: CRBG) by 68.4% in the first quarter, according to a recent Form 13F filing with the Securities & Exchange Commission.

The fund owned 204,441 shares of CRBG's stock after selling 442,090 shares during the quarter. RBC's holdings in Corebridge Financial were worth $4,878,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of CRBG, including Goldman Sachs Group Inc., which lifted its stake by 229.9% during the first quarter and now owns 1,300,030 shares worth $41,042,000.