Forex
Valmont Industries: Royal Bank of Canada Sells Stake
Royal Bank of Canada has reduced its stake in Valmont Industries, Inc. (NYSE:VMI) by selling 2,859 shares in the first quarter, according to a recent filing with the Securities and Exchange Commission.
The bank owned approximately 23,226 shares after the sale, which represents an 11% decrease in its holdings of the industrial products company.
As of its most recent SEC filing, Royal Bank of Canada's stake in Valmont Industries is worth around $9.28 million and accounts for about 0.12% of the company's outstanding shares.