TD Waterhouse Cuts Stake in Royal Bank of Canada

TD Waterhouse Canada Inc. has reduced its stake in Royal Bank of Canada (NYSE:RY - Free Report) by selling 238,768 shares during the second quarter.

This decrease represents a 2% reduction in TD Waterhouse's holding, with the company now owning 11,636,208 shares worth approximately $2.427 billion at the end of the reporting period.

Royal Bank of Canada makes up about 6.4% of TD Waterhouse's investment portfolio, making it the fund's second-largest holding.