Royal Bank of Canada Sells Portion of Stake in G-III Apparel Group

Royal Bank of Canada has reduced its stake in G-III Apparel Group by 24.7% in the first quarter, according to a recent SEC filing.

The bank sold 159,289 shares during the period and now owns approximately 1.15% of the company's stock, valued at $13,487,000.

This move is part of a broader trend of institutional investors adjusting their positions in G-III Apparel Group, with Dimensional Fund Advisors LP increasing its holdings by 0.5% in the third quarter and LSV Asset Management lifting its stake by 8.1% during the fourth quarter.