RBC Trims Stake in HealthEquity to 0.36%

Royal Bank of Canada (RBC) has reduced its stake in HealthEquity, Inc. (NASDAQ: HQY) by 11.7% during the first quarter. This was disclosed to the Securities and Exchange Commission. RBC now owns approximately 0.36% of HealthEquity's stock, valued at $24,988,000.

The institutional investor sold 39,458 shares of the company's stock during the period. As a result, it owned 299,007 shares after the reduction. This is according to the most recent disclosure filed with the SEC.

Other notable investors have also made changes to their holdings in HealthEquity. For example, AQR Capital Management LLC boosted its position in the company by 148.5% during the second quarter, while Wasatch Advisors LP increased its stake by 9.3% during the first quarter.