Mechanics Bank Trust Department decreased its holdings in Apple Inc. (NASDAQ:AAPL – Free Report) by 9.3% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 202,174 shares of the iPhone maker’s stock after selling 20,764 shares during the quarter. Mechanics Bank Trust Department’s holdings in Apple were worth $41,480,000 at the end of the most recent quarter. Apple Stock PerformanceShares of NASDAQ AAPL opened at $257.13 on Friday. Insider ActivityIn other news, SVP Deirdre O’brien sold 34,821 shares of Apple stock in a transaction dated Friday, August 8th.