Forex
Royal Bank of Canada Bolsters Stake in Stag Industrial
Royal Bank of Canada purchased an additional 112,589 shares of Stag Industrial's stock during the first quarter, increasing its holdings by 42.4%. The firm now owns about 0.20% of Stag Industrial, with a total value of $13,637,000 as of its most recent filing.
The move was part of a larger trend in which several hedge funds added to or increased their stakes in STAG during the quarter.
In addition to Royal Bank of Canada, other notable buyers include NewEdge Advisors LLC and Goldman Sachs Group Inc., which boosted its position by 37.0% and now owns 1,671,949 shares worth $60,391,000.