Indiana Trust Investment Management Co Lowers stake in 1st Source Corporation (SRCE)

1st Source Corporation (SRCE) : Indiana Trust Investment Management Co reduced its stake in 1st Source Corporation by 1.47% during the most recent quarter end. The investment management company now holds a total of 63,528 shares of 1st Source Corporation which is valued at $2,250,162 after selling 950 shares in 1st Source Corporation , the firm said in a disclosure report filed with the SEC on Oct 5, 2016.1st Source Corporation makes up approximately 1.18% of Indiana Trust Investment Management Co’s portfolio.

Other Hedge Funds, Including , Bnp Paribas Arbitrage Sa boosted its stake in SRCE in the latest quarter, The investment management firm added 478 additional shares and now holds a total of 1,212 shares of 1st Source Corporation which is valued at $42,929.

1st Source Corporation opened for trading at $35.08 and hit $35.5 on the upside on Tuesday, eventually ending the session at $35.3, with a gain of 0.74% or 0.26 points. The heightened volatility saw the trading volume jump to 36,742 shares. Company has a market cap of $913 M.

1st Source Corporation is a bank holding company. The Company through its subsidiaries provides a range of financial products and services. 1st Source Bank its banking subsidiary offers commercial and consumer banking services trust and investment management services and insurance to individual and business clients through around 80 banking center locations in 17 counties in Indiana and Michigan. Its Specialty Finance Group offers financing services for new and used private and cargo aircraft automobiles and light trucks for leasing and rental agencies medium and heavy duty trucks and construction equipment. It provides commercial small business agricultural and real estate loans to privately owned business clients located within its regional market area. It offers loans for a range of general corporate purposes including financing for industrial and commercial properties financing for equipment inventories and accounts receivable and acquisition financing.

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