HB Wealth Management LLC Makes New Investment in Dan IVES Wedbush AI Revolution ETF $IVES

HB Wealth Management LLC bought a new stake in shares of Dan IVES Wedbush AI Revolution ETF (NYSEARCA:IVES) during the 1st quarter, HoldingsChannel reports. The firm bought 18,181 shares of the company’s stock, valued at approximately $516,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of IVES. Thrivent Financial for Lutherans purchased a new position in Dan IVES Wedbush AI Revolution ETF in the 4th quarter worth approximately $78,128,000. Wedbush Securities Inc. raised its stake in shares of Dan IVES Wedbush AI Revolution ETF by 15.8% during the fourth quarter. Wedbush Securities Inc. now owns 814,241 shares of the company’s stock valued at $25,738,000 after purchasing an additional 110,835 shares during the period. HighTower Advisors LLC raised its stake in shares of Dan IVES Wedbush AI Revolution ETF by 157.3% during the fourth quarter. HighTower Advisors LLC now owns 543,805 shares of the company’s stock valued at $17,190,000 after purchasing an additional 332,426 shares during the period. Concentric Capital Strategies LP raised its stake in shares of Dan IVES Wedbush AI Revolution ETF by 109.2% during the third quarter. Concentric Capital Strategies LP now owns 327,825 shares of the company’s stock valued at $10,530,000 after purchasing an additional 171,110 shares during the period. Finally, First Heartland Consultants Inc. lifted its position in shares of Dan IVES Wedbush AI Revolution ETF by 63.0% during the fourth quarter. First Heartland Consultants Inc. now owns 322,364 shares of the company’s stock worth $10,190,000 after purchasing an additional 124,643 shares in the last quarter.

Dan IVES Wedbush AI Revolution ETF Stock Performance

Shares of IVES stock traded down $0.23 on Friday, hitting $37.92. The stock had a trading volume of 504,765 shares, compared to its average volume of 638,127. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 27.36 and a beta of 2.54. The stock’s 50 day moving average is $37.32 and its 200-day moving average is $33.28. Dan IVES Wedbush AI Revolution ETF has a 52-week low of $26.68 and a 52-week high of $41.93.

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.