Dan IVES Wedbush AI Revolution ETF (NYSEARCA:IVES) Reaches New 52-Week High – Here’s What Happened

Dan IVES Wedbush AI Revolution ETF (NYSEARCA:IVES)’s stock price hit a new 52-week high on Friday . The company traded as high as $33.13 and last traded at $33.04, with a volume of 1230114 shares trading hands. The stock had previously closed at $32.62.

Dan IVES Wedbush AI Revolution ETF Price Performance

The company’s 50 day simple moving average is $29.46 and its 200 day simple moving average is $36.47. The stock has a market cap of $776.77 million, a P/E ratio of 27.36 and a beta of 1.74.

Institutional Trading of Dan IVES Wedbush AI Revolution ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Wedbush Securities Inc. acquired a new position in Dan IVES Wedbush AI Revolution ETF during the second quarter worth $9,020,000. Cetera Investment Advisers bought a new position in shares of Dan IVES Wedbush AI Revolution ETF in the 2nd quarter valued at about $2,117,000. Krilogy Financial LLC acquired a new position in shares of Dan IVES Wedbush AI Revolution ETF during the 2nd quarter worth about $911,000. Envestnet Asset Management Inc. bought a new stake in shares of Dan IVES Wedbush AI Revolution ETF in the 2nd quarter valued at about $885,000. Finally, Snowden Capital Advisors LLC acquired a new stake in Dan IVES Wedbush AI Revolution ETF in the 2nd quarter valued at about $675,000.

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.