Beacon Bank Reduces Stake in Alphabet Inc.
Beacon Bank & Trust has reduced its stake in Alphabet Inc. (NASDAQ:GOOGL) by 6.5% during the second quarter, according to a recent filing with the Securities and Exchange Commission (SEC). The fund owned 49,729 shares of Alphabet's stock after selling 3,463 shares during the period.
The holdings in Alphabet are worth $17,772,000 as of its most recent filing with the SEC. This represents about 3.4% of Beacon Bank & Trust's investment portfolio, making it the company's 8th largest position.
In addition to Beacon Bank & Trust, other institutional investors have also made adjustments to their stakes in Alphabet. Strategic Wealth Advisors LLC increased its position in Alphabet by 6.0% in the first quarter, while Rockbridge Investment Management LCC lifted its holdings in shares of Alphabet by 0.5%