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Graves Light Lenhart Wealth Inc. Lowers Position in Alphabet Inc. $GOOGL
Graves Light Lenhart Wealth Inc. reduced its stake in Alphabet Inc. (NASDAQ:GOOGL) by 5.4% in the fourth quarter, selling 4,017 shares to own a total of 70,152 shares valued at $21.96 million. Despite this reduction, Alphabet remains the 14th largest holding for the firm, comprising 2.3% of its portfolio. Other institutional investors have recently adjusted their positions in Alphabet, with hedge funds and institutional investors collectively owning 40.03% of the company’s stock.