Royal Bank of Canada Trims Position in Central Securities Corp. (CET)
Royal Bank of Canada trimmed its position in shares of Central Securities Corp. (NYSE:CET) by 3.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 51,070 shares of the company’s stock after selling 1,802 shares during the quarter. Royal Bank of Canada owned 0.21% of Central Securities Corp. worth $1,273,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Deschutes Portfolio Strategy LLC boosted its holdings in Central Securities Corp. by 0.8% during the 2nd quarter. Deschutes Portfolio Strategy LLC now owns 277,600 shares of the company’s stock worth $6,921,000 after acquiring an additional 2,200 shares during the last quarter. Institute for Wealth Management LLC. purchased a new position in Central Securities Corp. during the 2nd quarter worth $851,000. Finally, Wells Fargo & Company MN boosted its holdings in Central Securities Corp. by 31.7% during the 2nd quarter. Wells Fargo & Company MN now owns 13,676 shares of the company’s stock worth $341,000 after acquiring an additional 3,295 shares during the last quarter.
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Central Securities Corp. Company Profile
Central Securities Corporation is a non-diversified, closed-end management investment company. The Company’s investment objective is long-term growth of capital and its approach is based on value investing. The Company invests primarily in common stocks, but it may invest in bonds, convertible bonds, preferred stocks, convertible preferred stocks, warrants, options real estate, or short-term obligations of governments, banks and corporations.
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