Forex
RBC Cuts Stake in Skyworks Solutions Amid Changing Market Landscape
Royal Bank of Canada (RBC) has reduced its holdings in Skyworks Solutions, Inc. (SWKS), decreasing shares by 22.4% during Q1.
The fund now owns approximately 166,726 shares of the semiconductor manufacturer's stock after selling 48,103 shares. This represents a 0.11% stake in SWKS worth $8,929,000 at the end of the most recent quarter.
This is not an isolated instance as other hedge funds and institutional investors have also adjusted their positions in SWKS during Q4 and Q1.