Mechanics Bank Cuts Stake in Alphabet Inc.
Mechanics Bank Trust Department has reduced its stake in Alphabet Inc.'s shares by 2.8% during the second quarter, according to a recent disclosure with the SEC.
The firm now owns 106,791 shares of Alphabet's stock after selling 3,120 shares during the quarter.
This represents about 4.7% of Mechanics Bank Trust Department's holdings, making Alphabet its 2nd biggest position.