World Equity Group Inc. Makes New $689,000 Investment in Dan IVES Wedbush AI Revolution ETF $IVES

World Equity Group Inc. purchased a new stake in Dan IVES Wedbush AI Revolution ETF (NYSEARCA:IVES) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 21,463 shares of the company’s stock, valued at approximately $689,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Valmark Advisers Inc. acquired a new stake in shares of Dan IVES Wedbush AI Revolution ETF during the third quarter worth $206,000. O ROURKE & COMPANY Inc acquired a new position in Dan IVES Wedbush AI Revolution ETF in the third quarter valued at about $777,000. Kellett Wealth Advisors LLC bought a new position in Dan IVES Wedbush AI Revolution ETF during the third quarter worth about $339,000. Silver Oak Securities Incorporated acquired a new position in shares of Dan IVES Wedbush AI Revolution ETF during the 3rd quarter worth about $233,000. Finally, CV Advisors LLC bought a new stake in shares of Dan IVES Wedbush AI Revolution ETF in the 3rd quarter valued at about $256,000.

Dan IVES Wedbush AI Revolution ETF Price Performance

Shares of NYSEARCA:IVES opened at $32.59 on Friday. The firm’s 50 day simple moving average is $32.26 and its 200 day simple moving average is $30.66. Dan IVES Wedbush AI Revolution ETF has a fifty-two week low of $25.07 and a fifty-two week high of $35.25. The company has a market capitalization of $998.56 million, a price-to-earnings ratio of 27.36 and a beta of 2.20.

Dan IVES Wedbush AI Revolution ETF Profile

The Wedbush ETFMG Global Cloud Technology ETF (IVES) is an exchange-traded fund that mostly invests in information technology equity. The fund tracks a market cap-weighted index of global equities related to cloud technology companies. IVES was launched on Mar 8, 2016 and is managed by ETF Managers Group.