Ironwood Buys 75,053 Alphabet Shares as Four Firms Trim Stakes by Up to 30%
Renaissance Group cut its Alphabet stake by 6.6% to 201,322 shares, RBA Wealth trimmed 7.6% to 43,367 shares, Greater Midwest cut 30.4% to 41,535 shares, and Alps Advisors sold 31,073 shares, a 12.6% reduction. Ironwood Investment Counsel initiated a new position by acquiring 75,053 shares of Alphabet valued at $18.25M.
1. Renaissance Group Reduces Stake
Renaissance Group LLC lowered its holdings in Alphabet by 6.6% in the recent quarter, selling 14,206 shares and retaining 201,322 shares of the company’s stock.
2. RBA Wealth Trims Position
RBA Wealth Management LLC cut its Alphabet position by 7.6%, disposing of 3,580 shares and ending the period with 43,367 shares, representing 3.6% of its portfolio.
3. Ironwood Initiates New Position
Ironwood Investment Counsel LLC established a new position in Alphabet, acquiring 75,053 shares valued at $18.25 million, which now account for 2.7% of its total holdings.
4. Major Trims by Greater Midwest and Alps Advisors
Greater Midwest Financial Group LLC reduced its Alphabet stake by 30.4% to 41,535 shares after selling 18,126 shares, while Alps Advisors Inc. trimmed its position by 12.6%, offloading 31,073 shares to leave a 216,442-share holding.