RWQ Financial Management Services Invests Heavily in The Goldman Sachs Group

RWQ Financial Management Services Inc., an investment firm, has acquired a new position in The Goldman Sachs Group, Inc. (NYSE:GS) during the second quarter.

The company purchased approximately 7,085 shares of GS stock valued at $7,166,000, which accounts for 3.5% of RWQ's portfolio and makes it their 15th largest position.

This is not an isolated move; several institutional investors have also added to or reduced their stakes in GS this quarter. Turim 21 Investimentos Ltda., Garton & Associates Financial Advisors LLC, Manning & Napier Advisors LLC, Steph & Co., and Lifetime Wealth Management P.C. have all made new investments in the company.

The Goldman Sachs Group has a market capitalization of $302.47 billion and a price-to-earnings ratio of 16.03. Its stock opened at $1,038.81 on Friday and has a 50-day moving average price of $1,054.35.