Wealthfront Invests $53.7 Million in Goldman Sachs

Wealthfront Advisers LLC acquired approximately $53.7 million worth of shares in The Goldman Sachs Group, Inc. (NYSE:GS) during the second quarter.

This purchase was made through a new stake in GS, with Wealthfront acquiring 53,116 shares valued at around $53.7 million.

The institutional investor's acquisition is not an isolated incident, as several other hedge funds have recently added to or reduced their stakes in GS during the second quarter.