97,972 Dan IVES Wedbush AI Revolution ETF $IVES Shares Sold by Wedbush Securities Inc.

Wedbush Securities Inc. reduced its stake in shares of Dan IVES Wedbush AI Revolution ETF (NYSEARCA:IVES) by 37.4% during the third quarter, Holdings Channel reports. The firm owned 164,214 shares of the company’s stock after selling 97,972 shares during the quarter. Wedbush Securities Inc.’s holdings in Dan IVES Wedbush AI Revolution ETF were worth $6,741,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in IVES. Avior Wealth Management LLC purchased a new stake in shares of Dan IVES Wedbush AI Revolution ETF in the 2nd quarter worth about $4,044,000. Apollon Wealth Management LLC boosted its stake in shares of Dan IVES Wedbush AI Revolution ETF by 70.4% during the 1st quarter. Apollon Wealth Management LLC now owns 58,499 shares of the company’s stock valued at $1,660,000 after purchasing an additional 24,174 shares in the last quarter. HB Wealth Management LLC bought a new stake in shares of Dan IVES Wedbush AI Revolution ETF during the 1st quarter valued at about $516,000. Independent Financial Group LLC purchased a new position in shares of Dan IVES Wedbush AI Revolution ETF during the first quarter valued at about $504,000. Finally, Concurrent Investment Advisors LLC purchased a new position in shares of Dan IVES Wedbush AI Revolution ETF during the second quarter valued at about $359,000.

Dan IVES Wedbush AI Revolution ETF Price Performance

IVES stock traded up $0.37 during trading on Friday, reaching $38.67. The company had a trading volume of 338,373 shares, compared to its average volume of 549,031. Dan IVES Wedbush AI Revolution ETF has a 52 week low of $26.92 and a 52 week high of $42.75. The company has a market cap of $897.92 million, a P/E ratio of 27.36 and a beta of 2.10. The business has a 50 day moving average of $39.98 and a 200 day moving average of $37.52.

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.