Royal Bank of Canada Boosts Stake in Macy's

Royal Bank of Canada has significantly increased its stake in Macy's, Inc. (NYSE:M) by acquiring 105,117 additional shares during the first quarter.

This brings Royal Bank of Canada's total holdings to 175,506 shares, valued at $3,175,000, which represents a 149.3% increase from their previous position.

Other hedge funds have also shown interest in Macy's, with Norges Bank acquiring a new stake worth $85,020,000 and SG Americas Securities LLC boosting its position by 1,344.4% during the same period.