HighTower Advisors LLC raised its position in Dan IVES Wedbush AI Revolution ETF (NYSEARCA:IVES – Free Report) by 157.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 543,805 shares of the company’s stock after purchasing an additional 332,426 shares during the period. HighTower Advisors LLC’s holdings in Dan IVES Wedbush AI Revolution ETF were worth $17,190,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. DAVENPORT & Co LLC lifted its holdings in Dan IVES Wedbush AI Revolution ETF by 2.5% in the 4th quarter. DAVENPORT & Co LLC now owns 18,525 shares of the company’s stock valued at $586,000 after purchasing an additional 455 shares in the last quarter. MADDEN SECURITIES Corp lifted its holdings in Dan IVES Wedbush AI Revolution ETF by 2.5% in the 4th quarter. MADDEN SECURITIES Corp now owns 20,335 shares of the company’s stock valued at $643,000 after purchasing an additional 500 shares in the last quarter. CMC Financial Group lifted its holdings in Dan IVES Wedbush AI Revolution ETF by 2.7% in the 4th quarter. CMC Financial Group now owns 24,769 shares of the company’s stock valued at $783,000 after purchasing an additional 652 shares in the last quarter. Coston McIsaac & Partners lifted its holdings in Dan IVES Wedbush AI Revolution ETF by 203.5% in the 4th quarter. Coston McIsaac & Partners now owns 1,126 shares of the company’s stock valued at $35,000 after purchasing an additional 755 shares in the last quarter. Finally, CIBC Private Wealth Group LLC lifted its holdings in Dan IVES Wedbush AI Revolution ETF by 43.5% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 2,655 shares of the company’s stock valued at $85,000 after purchasing an additional 805 shares in the last quarter.
Dan IVES Wedbush AI Revolution ETF Trading Up 0.4%
NYSEARCA:IVES opened at $37.25 on Friday. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of 27.36 and a beta of 2.12. The company’s 50-day moving average is $32.10 and its two-hundred day moving average is $31.90. Dan IVES Wedbush AI Revolution ETF has a 12-month low of $25.07 and a 12-month high of $37.68.
Dan IVES Wedbush AI Revolution ETF Company 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.
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