Royal Bank of Canada Drops Stake in Roivant Sciences by 82.1%

Royal Bank of Canada has reduced its stake in Roivant Sciences Ltd. (NASDAQ:ROIV) by 82.1% during the first quarter, according to a recent disclosure with the SEC.

The bank owned 110,041 shares of the company's stock after selling 503,568 shares during the period. The value of Royal Bank of Canada's holdings in Roivant Sciences was $3,049,000 at the end of the most recent reporting period.

This is not an isolated incident; several other hedge funds and institutional investors have also made changes to their positions in ROIV. For example, Allworth Financial LP increased its holdings in Roivant Sciences by 48.1% during the third quarter, while SBI Securities Co. Ltd. lifted its holdings by 1,740.3% in the fourth quarter.