HighTower Cuts Stake in Goldman Sachs Group Inc.
HighTower Advisors LLC, a financial services company, reduced its stake in Goldman Sachs Group Inc. (GS) by selling 18,359 shares in the second quarter of this year. This move resulted in HighTower owning approximately 219,334 shares of GS's stock after the sale.
The total value of these shares is around $221,828,000, which accounts for about 0.08% of Goldman Sachs Group Inc.'s market capitalization. According to recent SEC filings, this stake reduction represents a decrease of 7.7% in HighTower Advisors' holding in GS.
Other institutional investors and hedge funds have also adjusted their stakes in the company. For instance, Audent Global Asset Management LLC increased its position by 10.1% during the fourth quarter, while Wealthfront Advisers LLC acquired a new stake valued at approximately $53,720,000 during the second quarter.
Additionally, Nomura Asset Management Co. Ltd. boosted its holdings in GS by 2.6% in the fourth quarter, and Global Retirement Partners LLC enhanced its position by 35.0% during that same period.