Royal Caribbean Records $179.0 Million in Net ETF Selling
The report described Thursday as the third consecutive day of net selling.
ETFs sold a net $179.0 million of Royal Caribbean on Thursday, according to the report. The activity followed net selling of $76.1 million on Sept. 23 and $24.0 million on Sept. 22, making Thursday the third straight day of net selling.
Capital Group Dividend Value ETF sold 745,827 shares valued at $178.2 million. The sale reduced its Royal Caribbean stake by 22.89% to 2,512,697 shares, which represented a 1.59% portfolio weight, the report said.
Royal Caribbean Group operates brands including Royal Caribbean International, Celebrity Cruises and Silversea. It also holds a 50% interest in a joint venture that operates TUI Cruises and Hapag-Lloyd Cruises.
Royal Caribbean reported trailing-12-month revenue of $18.68 billion, with year-over-year revenue growth of 9.1%. The company also reported a gross margin of 39.1% and a net margin of 23.6%.
