Ipswich Investment Management Co. Inc. acquired a new position in WEX Inc (NYSE:WEX) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund acquired 225 shares of the business services provider’s stock, valued at approximately $32,000. A number of other hedge funds have also recently modified their holdings of WEX. Russell Investments Group Ltd. raised its holdings in WEX by 63.3% in the 2nd quarter. Russell Investments Group Ltd. now owns 11,898 shares of the business services provider’s stock worth $2,266,000 after purchasing an additional 4,613 shares during the period.