DAVENPORT & Co LLC Invests $580,000 in Dan IVES Wedbush AI Revolution ETF $IVES

DAVENPORT & Co LLC acquired a new stake in Dan IVES Wedbush AI Revolution ETF (NYSEARCA:IVES) in the 3rd quarter, Holdings Channel.com reports. The institutional investor acquired 18,070 shares of the company’s stock, valued at approximately $580,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Albion Financial Group UT acquired a new position in Dan IVES Wedbush AI Revolution ETF during the second quarter valued at approximately $27,000. JFS Wealth Advisors LLC bought a new stake in shares of Dan IVES Wedbush AI Revolution ETF during the 2nd quarter worth approximately $35,000. PNC Financial Services Group Inc. acquired a new stake in shares of Dan IVES Wedbush AI Revolution ETF in the 2nd quarter valued at approximately $155,000. Marino Stram & Associates LLC bought a new position in shares of Dan IVES Wedbush AI Revolution ETF in the second quarter valued at $261,000. Finally, U.S. Capital Wealth Advisors LLC acquired a new position in Dan IVES Wedbush AI Revolution ETF during the third quarter worth $382,000.

Dan IVES Wedbush AI Revolution ETF Trading Down 0.7%

NYSEARCA IVES opened at $32.04 on Tuesday. The firm has a market capitalization of $949.67 million, a P/E ratio of 27.36 and a beta of 2.20. The firm’s fifty day moving average price is $32.60 and its two-hundred day moving average price is $30.34. Dan IVES Wedbush AI Revolution ETF has a 1 year low of $25.07 and a 1 year high of $35.25.

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.