Royal Bank Cuts Stake in Yum China Amid Institutional Shift
Royal Bank of Canada trimmed its stake in Yum China (NYSE:YUMC) by 4.8% during the first quarter, according to a recent SEC filing.
The bank owned approximately 3.04% of Yum China's shares worth $517,094,000 as of the most recent SEC filing.
This move follows other institutional investors and hedge funds adjusting their positions in Yum China, with Principal Financial Group Inc. increasing its stake by 3.0% in the first quarter.