Royal Bank Cuts Holdings in PubMatic Amid Institutional Investor Shakeup

Royal Bank of Canada reduced its position in PubMatic shares by 14.2% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission.

The institutional investor owned 740,281 shares of the company's stock after selling 122,907 shares during the quarter. Royal Bank of Canada owned 1.59% of PubMatic worth $6,055,000 as of its most recent SEC filing.

This is not an isolated incident, as other institutional investors have also been modifying their holdings in the company. For example, Millennium Management LLC raised its holdings in PubMatic by 320.0% in the fourth quarter and now owns 918,127 shares worth $8,144,000.