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Forex

Royal Bank Cuts Stake in SAP Amid Surge in Institutional Buying

Guavy AI Editorial Team
Instruments
CAD
Share

Royal Bank of Canada reduced its stake in SAP SE by 2.1% during the first quarter, selling 14,789 shares, according to the company's latest 13F filing with the SEC.

The fund owned approximately 701,895 shares after the sale, making it roughly 0.06% of SAP's total stock ownership as of its most recent SEC filing.

This move comes amidst a surge in institutional investors acquiring and selling SAP shares. For instance, Windacre Partnership LLC boosted its stake by 130.9% during the third quarter, purchasing an additional 1,336,325 shares.

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