Royal Bank of Canada Doubles Down on Scotts Miracle-Gro

Royal Bank of Canada significantly increased its holdings in Scotts Miracle-Gro Company (NYSE:SMG) by 182.2% during the first quarter, according to a recent SEC disclosure.

The fund acquired an additional 43,066 shares, bringing its total ownership to 66,698 shares of the basic materials company's stock. This represents approximately 0.11% of Scotts Miracle-Gro's outstanding shares and a market value of $4,057,000 at the end of the most recent quarter.

The news follows other hedge funds modifying their holdings in Scotts Miracle-Gro, with Rehmann Capital Advisory Group growing its position by 4.2% during the fourth quarter, and Baader Bank Aktiengesellschaft raising its holdings by 3.9% in the first quarter.