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

May 17, 2018 - By Billy Entrekin

According to 2018Q1 Securities and Exchange regulatory form Gluskin Sheff & Assoc Inc increased its holdings 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. It held 775,736 shares of Royal Bk Cda Montreal Que (NYSE:RY) at the end of 2018Q1, valued at $59.92M, up from 81,293 last quarter. $113.65B is the Royal Bk Cda Montreal Que’s MC. Ticker’s shares touched $79.16 during the last trading session after 0.73% 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. Its stake in Canadian Pac Ry Ltd (NYSE:CP) was decreased by 79,860 shares to 321,286 shares valued at $56.66M in 2018Q1, according to the regulatory form. It decreased Firstservice Corp New () position by 168,994 shares to 892,750 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 company has $113.65 billion market cap. 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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