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Royal Bank of Canada Sells Stake in TE Connectivity

Guavy AI Editorial Team
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CAD
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Royal Bank of Canada has reduced its stake in shares of TE Connectivity Ltd. (NYSE:TEL) by 26% during the first quarter, according to a recent disclosure with the Securities & Exchange Commission.

The fund owned 633,732 shares after selling 222,268 shares during the quarter. This represents about 0.22% of the company's stock and is worth around $132.46 million at the end of the most recent quarter.

Other institutional investors have also adjusted their stakes in TE Connectivity recently. Vanguard Group Inc., for example, grew its stake by 0.4% during the fourth quarter and now owns 38,421,283 shares valued at $8.74 billion.

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