Cetera Investment Advisers Invests $2.12 Million in Dan IVES Wedbush AI Revolution ETF $IVES

Cetera Investment Advisers acquired a new stake in shares of Dan IVES Wedbush AI Revolution ETF (NYSEARCA:IVES) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 78,093 shares of the company’s stock, valued at approximately $2,117,000. Cetera Investment Advisers owned 0.60% of Dan IVES Wedbush AI Revolution ETF at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wedbush Securities Inc. purchased a new position in Dan IVES Wedbush AI Revolution ETF during the second quarter valued at approximately $9,020,000. Krilogy Financial LLC purchased a new stake in shares of Dan IVES Wedbush AI Revolution ETF in the second quarter worth $911,000. Envestnet Asset Management Inc. bought a new stake in shares of Dan IVES Wedbush AI Revolution ETF during the 2nd quarter valued at $885,000. Griffin Asset Management Inc. purchased a new position in shares of Dan IVES Wedbush AI Revolution ETF during the 2nd quarter valued at $575,000. Finally, MADDEN SECURITIES Corp purchased a new position in shares of Dan IVES Wedbush AI Revolution ETF during the 2nd quarter valued at $538,000.

Dan IVES Wedbush AI Revolution ETF Stock Performance

Shares of IVES stock opened at $32.03 on Friday. The stock has a fifty day simple moving average of $32.87 and a two-hundred day simple moving average of $31.82. The firm has a market capitalization of $949.37 million, a PE ratio of 27.36 and a beta of 2.20. Dan IVES Wedbush AI Revolution ETF has a 52-week low of $25.07 and a 52-week 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.