RBC Unloads Massive Stake in Solaris Energy Infrastructure
Royal Bank of Canada has made significant changes to its investment portfolio in Solaris Energy Infrastructure, Inc. (NYSE:SEI). The bank cut its stake in shares by 99.5% in the first quarter, selling a substantial 18,372,055 shares.
As of the company's most recent SEC filing, Royal Bank of Canada owned approximately 0.14% of Solaris Energy Infrastructure worth $5,474,000. The bank had previously owned 96,873 shares of the company's stock.
This move is part of a larger trend in which institutional investors and hedge funds have been adjusting their stakes in SEI. Maxi Investments CY Ltd bought a new stake in Solaris Energy Infrastructure during the 4th quarter worth approximately $4,765,000. Other investors such as Situational Awareness LP and Principal Financial Group Inc. also made significant adjustments to their holdings.