RBC Cuts Stake in Universal Display by 7.2%

Royal Bank of Canada has reduced its stake in Universal Display Corporation (NASDAQ: OLED) by 7.2% during the first quarter, according to a recent Securities & Exchange Commission filing. The financial institution now owns approximately 148,442 shares of the company's stock after selling 11,526 shares.

The value of Royal Bank of Canada's position in Universal Display is around $13.61 million, representing about 0.32% of the semiconductor company's total outstanding shares. This disclosure comes as other institutional investors have also been buying and selling shares of Universal Display Corporation.