RBC Trims Stake in Ferguson After Selling $475 Million Worth of Shares

Royal Bank of Canada has trimmed its stake in Ferguson plc by selling 95,808 shares during the first quarter. The fund now owns approximately 2,038,769 shares of the company's stock, which is about 1.05% of Ferguson's outstanding shares.

The sale reduced Royal Bank of Canada's holdings in Ferguson by 4.5% and resulted in a loss of $475,564,000 at the end of the most recent quarter. The bank owned approximately 81.98% of the stock.