Focused Wealth Buys into Goldman Sachs

Focused Wealth Management Inc acquired a new position in The Goldman Sachs Group, Inc. (NYSE:GS) in the second quarter, according to its most recent filing with the Securities & Exchange Commission.

The institutional investor purchased 4,669 shares of the investment management company's stock, valued at approximately $4,722,000.

This is not an isolated incident; several other institutional investors and hedge funds have also added to or reduced their stakes in GS this quarter. Audent Global Asset Management LLC grew its stake by 10.1% in the fourth quarter, while Oak Grove Capital LLC purchased a new position worth about $1,890,000.

Other notable changes include Nomura Asset Management Co. Ltd.'s 2.6% increase in its stake and Global Retirement Partners LLC's 35.0% boost in its investment. New Age Alpha Advisors LLC also grew its position by 92.4% during the fourth quarter.