Thrivent Financial for Lutherans Invests $78.13 Million in Dan IVES Wedbush AI Revolution ETF $IVES

Thrivent Financial for Lutherans acquired a new position in shares of Dan IVES Wedbush AI Revolution ETF (NYSEARCA:IVES) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,471,633 shares of the company’s stock, valued at approximately $78,128,000. Thrivent Financial for Lutherans owned approximately 7.69% of Dan IVES Wedbush AI Revolution ETF at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of IVES. US Bancorp DE purchased a new position in shares of Dan IVES Wedbush AI Revolution ETF during the 3rd quarter worth approximately $29,000. TD Capital Management LLC purchased a new position in shares of Dan IVES Wedbush AI Revolution ETF during the 3rd quarter worth approximately $35,000. Coston McIsaac & Partners increased its stake in shares of Dan IVES Wedbush AI Revolution ETF by 203.5% during the 4th quarter. Coston McIsaac & Partners now owns 1,126 shares of the company’s stock worth $35,000 after purchasing an additional 755 shares in the last quarter. CWM LLC boosted its position in Dan IVES Wedbush AI Revolution ETF by 177.0% during the third quarter. CWM LLC now owns 1,385 shares of the company’s stock worth $44,000 after acquiring an additional 885 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new stake in Dan IVES Wedbush AI Revolution ETF during the third quarter worth approximately $57,000.

Dan IVES Wedbush AI Revolution ETF Stock Performance

Shares of NYSEARCA IVES opened at $36.36 on Friday. Dan IVES Wedbush AI Revolution ETF has a 1 year low of $25.07 and a 1 year high of $37.25. The firm’s 50 day moving average price is $31.47 and its 200 day moving average price is $31.84. The firm has a market cap of $1.10 billion, a P/E ratio of 27.36 and a beta of 2.04.

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.