RBC Trims Stake in STMicroelectronics
Royal Bank of Canada has reduced its stake in STMicroelectronics N.V. by 33% during the first quarter, according to a recent SEC filing.
The bank's holdings in STMicroelectronics were worth $8,607,000 at the end of the most recent reporting period.
This move is part of a broader trend, as several other hedge funds have recently bought and sold shares of the stock.