Dan IVES Wedbush AI Revolution ETF (NYSEARCA:IVES) Reaches New 52-Week High – Should You Buy?

Shares of Dan IVES Wedbush AI Revolution ETF (NYSEARCA:IVES) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $33.80 and last traded at $33.80, with a volume of 1205630 shares. The stock had previously closed at $33.02.

Dan IVES Wedbush AI Revolution ETF Stock Performance

The company’s 50 day moving average price is $29.99 and its 200-day moving average price is $36.00. The company has a market cap of $807.56 million, a PE ratio of 27.36 and a beta of 1.74.

Institutional Investors Weigh In On Dan IVES Wedbush AI Revolution ETF

Large investors have recently added to or reduced their stakes in the company. Marino Stram & Associates LLC purchased a new stake in Dan IVES Wedbush AI Revolution ETF in the 2nd quarter worth about $261,000. Albion Financial Group UT purchased a new position in shares of Dan IVES Wedbush AI Revolution ETF in the second quarter worth about $27,000. Krilogy Financial LLC purchased a new position in Dan IVES Wedbush AI Revolution ETF in the 2nd quarter valued at approximately $911,000. MADDEN SECURITIES Corp purchased a new position in Dan IVES Wedbush AI Revolution ETF in the 2nd quarter valued at approximately $538,000. Finally, Brown Advisory Inc. purchased a new position in Dan IVES Wedbush AI Revolution ETF in the 2nd quarter valued at approximately $479,000.

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.