Equitable Holdings Buys into Goldman Sachs
Equitable Holdings Inc., a leading institutional investor, has made a significant move in its portfolio by acquiring 30,378 shares of The Goldman Sachs Group, Inc. ($GS) during the second quarter. This purchase is valued at approximately $30,724,000 and represents a new position for Equitable Holdings.
Several other hedge funds have also recently made changes to their positions in GS. BlackRock Inc., Bank of America Corp DE, Norges Bank, Orange County Employees Retirement System, and Bank of New York Mellon Corp are among the notable investors that have acquired new stakes in The Goldman Sachs Group during the second quarter.
The institutional ownership of GS now stands at 71.21%, with a market capitalization of $302.96 billion. The company's stock has been performing well, with its price opening at $1,040.49 on Friday and having a 50-day moving average price of $1,050.20.