As Royal Bk Cda Montreal Que (NYSE:RY) Price Declined, Gluskin Sheff & Assoc Inc Upped Position

May 17, 2018 - By Lindsey Price

Based on the latest 2018Q1 form from the SEC, Gluskin Sheff & Assoc Inc increased its holdings in Royal Bk Cda Montreal Que (NYSE:RY) by 854.25%. Royal Bk Cda Montreal Que (NYSE:RY) declined 4.81% with the market as Gluskin Sheff & Assoc Inc bought 694,443 shares. Gluskin Sheff & Assoc Inc announced $59.92 million position in Gluskin Sheff & Assoc Inc for 2018Q1. Now it holds 775,736 shares, compared to 81,293 last quarter. $113.65B is the Royal Bk Cda Montreal Que’s market cap. RY hit $79.16 during the last trading session after $0.57 change.Currently Royal Bank of Canada is uptrending after 5.90% change in last May 17, 2017. RY has 378,673 shares volume. RY underperformed the S&P 500 by 5.65%.

Gluskin Sheff & Assoc Inc operates about $7.77 billion and $1.84 billion US longs. It decreased its stake in Globant S A (NYSE:GLOB) by 209,213 shares to 227,421 shares, valued at $11.72 million in 2018Q1, according to the form. It decreased Bank N S Halifax (NYSE:BNS) position by 524,656 shares to 1.45M shares, and cut its Kansas City Southern (NYSE:KSU) stake.

Gluskin Sheff & Assoc Inc is a Ontario, Canada-based institutional investor with more than $7.77 billion AUM in September, 2014. This fund invests only a small percentage of its assets in equities and options. Taken from Gluskin Sheff & Assoc latest Adv, the fund reported to have 127 full and part-time employees. Among which 32 performing investment advisory and research functions. The institutional investor had more than 3700 clients.

Royal Bank of Canada, together with its subsidiaries, operates as a diversified financial service firm worldwide.The firm is valued at $113.65 billion. The firm operates through five divisions: Personal & Commercial Banking, Wealth Management, Insurance, Investor & Treasury Services, and Capital Markets.The P/E ratio is 13.35. The Personal & Commercial Banking segment engages in the personal and business banking operations, auto financing, and retail investment businesses.

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