Wealth Effects LLC Doubles Down on Chevron Investment with $2.44 Million Stake

Wealth Effects LLC has made a significant investment in Chevron Corporation (NYSE: CVX) by purchasing approximately $2.44 million worth of shares.

The institutional investor acquired 14,694 new shares of Chevron's stock during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission.

This is not the only investment in Chevron made recently; several other institutional investors have also added to or reduced their stakes in the company. Some notable investors include Midwest Capital Advisors LLC, Main Street Group LTD, and Phillip James Consulting Co., who all purchased new positions in Chevron's stock during the first and fourth quarters.