Dan IVES Wedbush AI Revolution ETF (NYSEARCA:IVES) Trading Up 2.3% – Should You Buy?

Dan IVES Wedbush AI Revolution ETF (NYSEARCA:IVES)’s stock price was up 2.3% during trading on Wednesday . The company traded as high as $30.69 and last traded at $30.34. Approximately 1,433,900 shares traded hands during trading, an increase of 82% from the average daily volume of 789,743 shares. The stock had previously closed at $29.65.

Dan IVES Wedbush AI Revolution ETF Price Performance

The firm has a market capitalization of $453.89 million, a PE ratio of 27.36 and a beta of 1.74. The stock’s 50-day moving average price is $27.96 and its 200 day moving average price is $38.59.

Hedge Funds Weigh In On Dan IVES Wedbush AI Revolution ETF

A number of institutional investors have recently modified their holdings of the stock. Snowden Capital Advisors LLC purchased a new position in shares of Dan IVES Wedbush AI Revolution ETF during the second quarter worth approximately $675,000. Garden State Investment Advisory Services LLC bought a new position in shares of Dan IVES Wedbush AI Revolution ETF during the second quarter valued at approximately $589,000. Brown Advisory Inc. bought a new position in shares of Dan IVES Wedbush AI Revolution ETF during the second quarter valued at approximately $479,000. Cetera Investment Advisers bought a new position in shares of Dan IVES Wedbush AI Revolution ETF during the second quarter valued at approximately $2,117,000. Finally, PNC Financial Services Group Inc. bought a new position in shares of Dan IVES Wedbush AI Revolution ETF during the second quarter valued at approximately $155,000.

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.