Forex
United Capital Buys into Royal Bank of Canada Amid Record Income
A new position in Royal Bank Of Canada (NYSE:RY) has been acquired by United Capital Financial Advisors LLC, as per their latest Form 13F filing with the Securities & Exchange Commission. The fund bought 42,869 shares of RBC's stock, valued at approximately $8,872,000.
Other large investors have also made adjustments to their positions in RY. Echo45 Advisors LLC increased its holdings by 5% in Q1, while Key Financial Inc boosted its stake by 63% during the same quarter.
RBC reported record income of C$6.02 billion, or C$4.23 per share, exceeding estimates and surpassing last year's figures. The company's quarterly dividend was also announced at C$1.76 per share, with an annualized yield of around 3.4%.