Royal Bank of Canada Sells Half of Cactus Holdings
Royal Bank of Canada has reduced its stake in Cactus, Inc. (NYSE:WHD), cutting its holdings by 46.3% in the first quarter.
The bank now owns 20,684 shares of the company's stock, valued at $979,000 as of its most recent SEC filing.
This is not an isolated incident; other hedge funds and institutional investors have also made significant changes to their Cactus holdings in recent quarters.