Montrusco Bolton Investments INC Decreased Stake in Royal Bk Cda Montreal Que (NYSE:RY) by $16.51 Million as Shares Rose


Montrusco Bolton Investments Inc decreased its stake in Royal Bk Cda Montreal Que (NYSE:RY) by 13.75% based on its latest 2016Q2 regulatory filing with the SEC. Montrusco Bolton Investments Inc sold 289,667 shares as the company’s stock rose 9.85% with the market. The institutional investor held 1.82M shares of the commercial banks company at the end of 2016Q2, valued at $105.08M, down from 2.11 million at the end of the previous reported quarter. Montrusco Bolton Investments Inc who had been investing in Royal Bk Cda Montreal Que for a number of months, seems to be less bullish one the $91.08B market cap company. The stock decreased 1.49% or $0.92 during the last trading session, hitting $60.87. About 1.16 million shares traded hands or 25.23% up from the average. Royal Bank of Canada (NYSE:RY) has risen 24.20% since February 8, 2016 and is uptrending. It has outperformed by 7.71% the S&P500.

Montrusco Bolton Investments Inc, which manages about $6.00B and $1.21B US Long portfolio, upped its stake in Telus Corp (NYSE:TU) by 130,305 shares to 1.07 million shares, valued at $34.88 million in 2016Q2, according to the filing. It also increased its holding in Lake Shore Gold Corp (NYSEMKT:LSG) by 8.39 million shares in the quarter, for a total of 10.00 million shares, and has risen its stake in Red Hat Inc (NYSE:RHT).

Montrusco Bolton Investments Inc is a Quebec, Canada-based institutional investor with more than $6.00 billion AUM in March, 2014. This fund invests only a small percentage of its assets in equities and options. Taken from Montrusco Bolton Investments latest Adv, the fund reported to have 28 full and part-time employees. Among which 19 performing investment advisory and research functions. The institutional investor had between 26-100 clients.

Out of 3 analysts covering Royal Bank Of Canada (NYSE:RY), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Royal Bank Of Canada has been the topic of 4 analyst reports since October 1, 2015 according to StockzIntelligence Inc. Argus Research maintained the stock on August 25 with “Buy” rating.

Royal Bank of Canada , is a diversified financial services company. The company has a market cap of $91.08 billion. The Firm provides personal and commercial banking, wealth management services, insurance, investor services and capital markets services and products on a global basis. It has a 11.56 P/E ratio. The Firm serves personal, business, public sector and institutional clients in Canada, the United States and approximately 40 other countries.

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