Rockland Trust Cuts Stake in Alphabet as Institutional Investors React

Rockland Trust Co., an institutional investor, has made significant changes to its holdings in Alphabet Inc. (NASDAQ:GOOGL) over the past quarter. In its most recent 13F filing with the Securities & Exchange Commission, Rockland Trust revealed that it had lessened its position in shares of Alphabet by 8.8% in the second quarter. This reduction was a result of selling 39,479 shares during the quarter.

The institutional investor now owns 407,768 shares of Alphabet's stock, making up approximately 5.7% of Rockland Trust Co.'s holdings. The value of these holdings is around $145.72 million at the end of the most recent reporting period. This makes Alphabet the largest holding in Rockland Trust Co.'s portfolio.

Other institutional investors have also made changes to their positions in Alphabet during the same quarter. For instance, Brighton Jones LLC increased its holdings by 3.9%, while Revolve Wealth Partners LLC boosted its stake by 3.5%. Matrix Asset Advisors Inc. NY grew its position by 17.6% and Sequoia Financial Advisors LLC increased its holdings by 11.2%. United Bank also raised its stake in Alphabet by 6.9%.