Alphabet Stake Cut by Mechanics Bank Trust Department

Alphabet Inc., the parent company of Google, saw its stake in Alphabet decrease by 2.8% in the second quarter, according to a recent disclosure with the SEC. Mechanics Bank Trust Department owns 106,791 shares of Alphabet stock, which makes up 4.7% of their holdings and is their second-largest position.

The firm's total investment in Alphabet was worth $38,164,000 at the end of the quarter. This move is part of a larger trend of institutional investors adjusting their positions in the company.