Royal Bank of Canada Boosts Manhattan Associates Stake to $75 Million

Royal Bank of Canada has significantly increased its stake in Manhattan Associates, Inc. (NASDAQ:MANH), purchasing an additional 69,859 shares during the first quarter.

The institutional investor now owns approximately 0.95% of Manhattan Associates' stock, valued at $75,048,000, according to its most recent 13F filing with the Securities and Exchange Commission.

This increase in stake is part of a larger trend, as other institutional investors have also been buying shares of MANH. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd., for example, boosted its holdings by 72.1% during the first quarter.