Wedbush Securities Inc. Buys 370,689 Shares of Dan IVES Wedbush AI Revolution ETF $IVES

Wedbush Securities Inc. lifted its position in shares of Dan IVES Wedbush AI Revolution ETF (NYSEARCA:IVES) by 111.4% in the third quarter, HoldingsChannel reports. The fund owned 703,406 shares of the company’s stock after buying an additional 370,689 shares during the period. Dan IVES Wedbush AI Revolution ETF accounts for approximately 0.7% of Wedbush Securities Inc.’s investment portfolio, making the stock its 17th largest holding. Wedbush Securities Inc.’s holdings in Dan IVES Wedbush AI Revolution ETF were worth $22,593,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in IVES. Cetera Investment Advisers acquired a new stake in Dan IVES Wedbush AI Revolution ETF in the second quarter worth about $2,117,000. TD Waterhouse Canada Inc. acquired a new position in Dan IVES Wedbush AI Revolution ETF during the 3rd quarter valued at about $1,910,000. Castle Rock Wealth Management LLC bought a new position in shares of Dan IVES Wedbush AI Revolution ETF in the 3rd quarter valued at about $1,730,000. Envestnet Asset Management Inc. boosted its stake in shares of Dan IVES Wedbush AI Revolution ETF by 159.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 84,584 shares of the company’s stock valued at $2,717,000 after purchasing an additional 51,924 shares during the last quarter. Finally, Titleist Asset Management LLC acquired a new stake in shares of Dan IVES Wedbush AI Revolution ETF during the 3rd quarter worth approximately $1,522,000.

Dan IVES Wedbush AI Revolution ETF Price Performance

Shares of NYSEARCA IVES opened at $30.95 on Thursday. 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 firm has a market capitalization of $994.11 million, a P/E ratio of 27.36 and a beta of 2.20. The company’s 50 day simple moving average is $32.20 and its 200 day simple moving average is $31.47.

About Dan IVES Wedbush AI Revolution ETF

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.