HighTower Advisors LLC Acquires 196,416 Shares of Dan IVES Wedbush AI Revolution ETF $IVES

HighTower Advisors LLC increased its stake in Dan IVES Wedbush AI Revolution ETF (NYSEARCA:IVES) by 1,312.7% during the third quarter, Holdings Channel.com reports. The institutional investor owned 211,379 shares of the company’s stock after buying an additional 196,416 shares during the period. HighTower Advisors LLC’s holdings in Dan IVES Wedbush AI Revolution ETF were worth $6,789,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in the stock. Wedbush Securities Inc. boosted its stake in Dan IVES Wedbush AI Revolution ETF by 111.4% in the third quarter. Wedbush Securities Inc. now owns 703,406 shares of the company’s stock valued at $22,593,000 after acquiring an additional 370,689 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Dan IVES Wedbush AI Revolution ETF by 159.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 84,584 shares of the company’s stock worth $2,717,000 after purchasing an additional 51,924 shares during the period. Cetera Investment Advisers purchased a new position in Dan IVES Wedbush AI Revolution ETF in the second quarter valued at approximately $2,117,000. TD Waterhouse Canada Inc. bought a new position in Dan IVES Wedbush AI Revolution ETF during the third quarter valued at $1,910,000. Finally, Castle Rock Wealth Management LLC purchased a new stake in Dan IVES Wedbush AI Revolution ETF in the third quarter worth $1,730,000.

Dan IVES Wedbush AI Revolution ETF Price Performance

Shares of IVES opened at $29.51 on Tuesday. Dan IVES Wedbush AI Revolution ETF has a 1 year low of $25.07 and a 1 year high of $35.25. The stock’s fifty day moving average price is $31.83 and its two-hundred day moving average price is $31.63. The firm has a market cap of $947.86 million, a PE ratio of 27.36 and a beta of 2.20.

About Dan IVES Wedbush AI Revolution ETF

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.