Royal Bank of Canada Cuts Stake in H&R Block Amid Broader Investor Shift

Royal Bank of Canada has reduced its stake in H&R Block by 20.4% during the first quarter, according to the company's most recent Form 13F filing with the SEC.

The institutional investor owned 428,112 shares of H&R Block after selling 109,382 shares during the quarter, representing 0.34% of the company's stock worth $13,588,000 at the end of the period.

This move is part of a broader trend in which several large investors have adjusted their holdings in HRB, including UBS Group AG, Ceera Investments LLC, Fifth Third Bancorp, Y Intercept Hong Kong Ltd, and M&T Bank Corp.