Royal Bank Cuts Stake in Matson as Institutional Investors Boost Bets

Royal Bank of Canada has reduced its position in Matson, Inc. (NYSE:MATX) by 14.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission.

The institutional investor owned 28,563 shares of the shipping company's stock after selling 4,832 shares during the quarter.

Royal Bank of Canada owned 0.09% of Matson worth $4,683,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company, with Empowered Funds LLC lifting its position by 15.6% and Encompass Capital Advisors LLC purchasing a new position worth approximately $32,761,000.