Royal Bank of Canada Bets Big on Expand Energy with $45M Stake

Royal Bank of Canada has significantly increased its holdings in Expand Energy Corporation (NASDAQ:EXE) by 29.7% in the first quarter, according to a recent Form 13F filing with the Securities & Exchange Commission.

The bank now owns approximately 413,927 shares worth $45.44 million, representing about 0.17% of Expand Energy's outstanding stock.

This is not an isolated instance, as other institutional investors have also boosted their stakes in the company during the same period.