HB Wealth Management LLC Invests $516,000 in Dan IVES Wedbush AI Revolution ETF $IVES

HB Wealth Management LLC bought a new position in Dan IVES Wedbush AI Revolution ETF (NYSEARCA:IVES) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 18,181 shares of the company’s stock, valued at approximately $516,000. HB Wealth Management LLC owned 0.06% of Dan IVES Wedbush AI Revolution ETF at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans purchased a new stake in Dan IVES Wedbush AI Revolution ETF during the fourth quarter valued at about $78,128,000. Wedbush Securities Inc. raised its holdings in shares of Dan IVES Wedbush AI Revolution ETF by 15.8% in the 4th quarter. Wedbush Securities Inc. now owns 814,241 shares of the company’s stock worth $25,738,000 after purchasing an additional 110,835 shares during the period. HighTower Advisors LLC lifted its stake in shares of Dan IVES Wedbush AI Revolution ETF by 157.3% in the 4th 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 in the last quarter. Concentric Capital Strategies LP lifted its stake in shares of Dan IVES Wedbush AI Revolution ETF by 109.2% in the 3rd 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 in the last quarter. Finally, First Heartland Consultants Inc. grew its holdings in shares of Dan IVES Wedbush AI Revolution ETF by 63.0% during the 4th 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 during the period.

Dan IVES Wedbush AI Revolution ETF Stock Performance

IVES traded down $0.23 on Friday, reaching $37.92. 504,765 shares of the company’s stock were exchanged, compared to its average volume of 638,127. Dan IVES Wedbush AI Revolution ETF has a twelve month low of $26.68 and a twelve month high of $41.93. The company’s 50 day moving average is $37.32 and its 200-day moving average is $33.28. The company has a market cap of $1.08 billion, a price-to-earnings ratio of 27.36 and a beta of 2.54.

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.