Royal Bank of Canada Boosts Stake in Corteva to Over 7 Million Shares
Royal Bank of Canada significantly increased its stake in Corteva, Inc. during the first quarter, purchasing an additional 4,989,371 shares to own a total of 7,458,624.
This brought Royal Bank of Canada's position in Corteva to approximately 1.12% of the company's outstanding stock, valued at $624,362,000.
Corteva (NYSE:CTVA) currently has a market capitalization of $59.51 billion, and its stock opened at $88.98 on Wednesday.
The recent increase in Royal Bank of Canada's stake comes after several other institutional investors also modified their holdings in Corteva during the first quarter.