Royal Bk Cda Montreal Que (RY) Holder Acadian Asset Management LLC Raised Its Holding by $27.66 Million as Share Price Rose

September 16, 2018 - By Michael Garrison

Acadian Asset Management Llc increased its stake in Royal Bk Cda Montreal Que (RY) by 5.36% based on its latest 2018Q2 regulatory filing with the SEC. Acadian Asset Management Llc bought 368,835 shares as the company’s stock rose 3.25% with the market. The institutional investor held 7.25 million shares of the commercial banks company at the end of 2018Q2, valued at $545.27 million, up from 6.88M at the end of the previous reported quarter. Acadian Asset Management Llc who had been investing in Royal Bk Cda Montreal Que for a number of months, seems to be bullish on the $114.86B market cap company. The stock decreased 0.15% or $0.12 during the last trading session, reaching $79.08. About 495,534 shares traded. Royal Bank of Canada (NYSE:RY) has risen 5.47% since September 16, 2017 and is uptrending. It has underperformed by 10.15% the S&P500.

Acadian Asset Management Llc, which manages about $65.15 billion and $23.13 billion US Long portfolio, decreased its stake in Petmed Express Inc (NASDAQ:PETS) by 302,626 shares to 1,326 shares, valued at $58,000 in 2018Q2, according to the filing. It also reduced its holding in Cdn Imperial Bk Comm Toronto (NYSE:CM) by 544,099 shares in the quarter, leaving it with 5.86 million shares, and cut its stake in Bank Montreal Que (NYSE:BMO).

More notable recent Royal Bank of Canada (NYSE:RY) news were published by: Seekingalpha.com which released: “Royal Bank Of Canada: Outstanding Quarter – Expect More” on August 25, 2018, also Seekingalpha.com with their article: “Building Your Pension With RBC” published on September 06, 2018, Seekingalpha.com published: “Royal Bank of Canada (RY) CEO Dave McKay on Q3 2018 Results – Earnings Call Transcript” on August 22, 2018. More interesting news about Royal Bank of Canada (NYSE:RY) were released by: Seekingalpha.com and their article: “Royal Bank of Canada (RY) Management Presents at Scotiabank Financials Summit Conference (Transcript)” published on September 05, 2018 as well as Fool.ca‘s news article titled: “Here Are 3 TFSA Dividend-Growth Investments You Can Bank On” with publication date: September 15, 2018.

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