Intact Investment Management Inc. decreased its holdings in Alphabet Inc. (NASDAQ: GOOGL) during the third quarter, selling 19,900 shares. Following the sale, the firm held 114,800 shares of the technology company’s stock, representing a 14.8% reduction in its position.
The transaction was disclosed in a recent filing with the Securities and Exchange Commission, reflecting the firm’s adjustment to its investment portfolio during the period.
**Why this matters**
Changes in institutional holdings can signal shifts in market sentiment or portfolio strategy. Alphabet Inc., as a major player in information services, often attracts significant attention from investors, making such adjustments noteworthy for market observers and shareholders.
Source: NewsData