Goldman Sachs Stake Boosted by IPG Investment Advisors

IPG Investment Advisors LLC has increased its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 21.3% during the second quarter.

The firm now owns 7,250 shares of the investment management company's stock, which is valued at $7,332,000 as per its most recent SEC filing.

According to the source, this represents 1.1% of IPG Investment Advisors LLC's portfolio and makes The Goldman Sachs Group its 25th largest holding.

This news comes amidst various other hedge funds making changes to their positions in the company.