Stocks
Washington Trust Bank Cuts Stake in Goldman Sachs Group Inc
Washington Trust Bank has reduced its stake in Goldman Sachs Group Inc (NYSE:GS) by 20.9% in the second quarter, according to a recent SEC filing.
The institutional investor owned approximately 1.3% of Washington Trust Bank's holdings, making it the firm's 17th largest position, valued at $18,988,000.
This reduction follows similar moves by other investors in Goldman Sachs, including Audent Global Asset Management and Nomura Asset Management Co Ltd.