Royal Bank of Canada Sells Massive Stake in MKS Inc.
Royal Bank of Canada significantly reduced its stake in MKS Inc. (NASDAQ:MKSI) during the first quarter, according to a recent SEC filing.
The bank sold 1,161,839 shares of the scientific and technical instruments company's stock, decreasing its ownership from 88.4% to approximately 0.23% by the end of the reporting period.
This move resulted in Royal Bank of Canada owning 153,003 shares worth $35,161,000 at the end of the quarter.