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Royal Caribbean Cruises Ltd. $RCL Shares Purchased by Bank of Montreal Can
Bank of Montreal Can has increased its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 11.1%, now owning 213,370 shares valued at approximately $69 million. Despite significant insider selling over the past 90 days, institutional investors collectively own 87.53% of the stock. Royal Caribbean has also authorized a $2.0 billion share buyback and raised its quarterly dividend to $1.50 per share.