Royal Bank of Canada Unloads Nearly 90% of Its Stake in Thermon Group Holdings

Royal Bank of Canada has sold off nearly all its shares in Thermon Group Holdings, Inc. (NYSE: THR), reducing its holdings by an astonishing 86.2% during the first quarter.

The bank owned 8,274 shares of the technology company's stock after selling 51,627 shares during the quarter, which were worth $417,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

This is not an isolated incident; other institutional investors and hedge funds have also made significant changes to their positions in Thermon Group. For instance, Clifford Capital Partners LLC increased its holdings by 2,551.8% in the fourth quarter.