Vanguard Group Inc's Strategic Acquisition in GE Vernova Inc
GEGE(GE) Gurufocus·2024-10-05 04:04

Overview of the Recent Transaction On September 30, 2024, Vanguard Group Inc, a prominent investment firm, expanded its portfolio by acquiring an additional 601,784 shares of GE Vernova Inc (GEV, Financial), a leader in the electric power industry. This transaction increased Vanguard's total holdings in GE Vernova to 27,499,067 shares, reflecting a significant commitment to the company. The shares were purchased at a price of $254.98 each, marking a strategic addition to Vanguard’s diverse investment portfo ...