Stocks
MOODY NATIONAL BANK TRUST DIVISION REDUCES STAKE IN ALPHABET INC.
Moody National Bank Trust Division has reduced its stake in Alphabet Inc. (NASDAQ: GOOGL) by selling 3,704 shares in the second quarter. This decrease brings their ownership to 45,247 shares, making up about 1.3% of their portfolio.
This is according to Moody National Bank's most recent Form 13F filing with the Securities and Exchange Commission. The firm's holdings in Alphabet were worth $16,170,000 at the end of the quarter.
This move by Moody National Bank is not an isolated incident as several other institutional investors and hedge funds have also been adjusting their stakes in GOOGL during this period.