Royal Bk Cda Montreal Que (NYSE:RY) Shareholder Gluskin Sheff & Assoc Inc Upped Position as Price Declined by $53.47 Million

May 17, 2018 - By Russell Jones

Based on the latest 2018Q1 regulatory report from the SEC, Gluskin Sheff & Assoc Inc upped its stake in Royal Bk Cda Montreal Que (NYSE:RY) by 854.25%. 694,443 shares were bought by Gluskin Sheff & Assoc Inc as Royal Bk Cda Montreal Que (NYSE:RY) stock declined 4.81% with the market. Gluskin Sheff & Assoc Inc announced $59.92M 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. The stock increased 0.73% or $0.57 during the last trading session, hitting $79.16.Royal Bank of Canada has volume of 378,673 shares. Since May 17, 2017 RY has risen 5.90% and is uptrending. RY underperformed the S&P 500 by 5.65%.

Gluskin Sheff & Assoc Inc reduced its stake in Bank N S Halifax (NYSE:BNS) by 524,656 shares to 1.45M shares, valued at $89.28 million in 2018Q1, according to the regulatory report. It manages about $7.77B and $1.84B US longs. It decreased Globant S A (NYSE:GLOB) position by 209,213 shares to 227,421 shares, and cut its Madison Square Garden Co New () 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 worth $113.65 billion. The firm operates through five divisions: Personal & Commercial Banking, Wealth Management, Insurance, Investor & Treasury Services, and Capital Markets.13.35 is the P/E ratio. The Personal & Commercial Banking segment engages in the personal and business banking operations, auto financing, and retail investment businesses.

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