Royal Bank Cuts Position in American Water Works by 6.7%

Royal Bank of Canada decreased its holdings in American Water Works Company by 6.7% during the first quarter, according to its latest SEC filing.

The bank owned 1,014,729 shares of the utilities provider's stock after selling 72,530 shares during the quarter.

This decrease represents a significant reduction in Royal Bank of Canada's stake in American Water Works, from 0.59% to 0.52%, with a total value of $138,096,000 at the end of the most recent reporting period.