Bogart Wealth Doubles Down on Goldman Sachs, Raises Stake by 1461.8%
Bogart Wealth LLC significantly increased its stake in The Goldman Sachs Group Inc. (NYSE:GS) by 1461.8% during the second quarter, according to a recent SEC filing.
The fund now holds 6,591 shares of GS's stock, worth $6,666,000 as of its most recent filing with the SEC.
This is not an isolated case; several other institutional investors and hedge funds have also recently added to or reduced their stakes in GS. Sky Investment Group LLC increased its position by 0.9% during the second quarter, while Warren Street Wealth Advisors LLC raised its stake by 3.9% in the same period.
The Goldman Sachs Group has seen various recent developments, including a planned acquisition of ETF provider Neos Investments for up to $2.25 billion and an agreement to acquire real-estate investment manager LCN Capital Partners for up to $410 million. CEO David Solomon expressed confidence in Nvidia and participated in discussions about a proposed $500 billion AI infrastructure financing plan.