Forex
Royal Bank of Canada Cuts Stake in Madison Square Garden by 2.9%
Royal Bank of Canada has reduced its stake in The Madison Square Garden Company (NYSE:MSGS) by 2.9% during the first quarter, according to a recent filing with the Securities and Exchange Commission.
The bank owned 96,215 shares of MSGS after selling 2,882 shares during the period. This represents a 0.40% stake in Madison Square Garden worth $30,924,000 as of its most recent filing.
This move is part of a larger trend in which several hedge funds have adjusted their stakes in the company.