Independent Financial Group LLC Purchases New Stake in Dan IVES Wedbush AI Revolution ETF $IVES

Independent Financial Group LLC acquired a new position in shares of Dan IVES Wedbush AI Revolution ETF (NYSEARCA:IVES) during the 1st quarter, Holdings Channel.com reports. The firm acquired 17,780 shares of the company’s stock, valued at approximately $504,000.

Other hedge funds have also recently added to or reduced their stakes in the company. NFSG Corp raised its holdings in shares of Dan IVES Wedbush AI Revolution ETF by 309.9% during the first quarter. NFSG Corp now owns 3,115 shares of the company’s stock worth $88,000 after purchasing an additional 2,355 shares during the period. Sigma Planning Corp grew its position in shares of Dan IVES Wedbush AI Revolution ETF by 110.1% during the 1st quarter. Sigma Planning Corp now owns 13,679 shares of the company’s stock valued at $388,000 after buying an additional 7,167 shares during the last quarter. Kestra Advisory Services LLC raised its stake in Dan IVES Wedbush AI Revolution ETF by 20.6% during the first quarter. Kestra Advisory Services LLC now owns 30,524 shares of the company’s stock worth $866,000 after acquiring an additional 5,208 shares during the period. Marino Stram & Associates LLC raised its stake in Dan IVES Wedbush AI Revolution ETF by 9.7% during the first quarter. Marino Stram & Associates LLC now owns 15,313 shares of the company’s stock worth $434,000 after acquiring an additional 1,356 shares during the period. Finally, Pennsylvania Capital Management Inc. ADV lifted its holdings in Dan IVES Wedbush AI Revolution ETF by 1.9% in the first quarter. Pennsylvania Capital Management Inc. ADV now owns 38,593 shares of the company’s stock worth $1,095,000 after acquiring an additional 734 shares during the last quarter.

Dan IVES Wedbush AI Revolution ETF Stock Down 2.2%

Shares of IVES stock opened at $35.64 on Friday. The company has a market cap of $1.04 billion, a P/E ratio of 27.36 and a beta of 2.13. The business has a 50 day moving average of $37.55 and a two-hundred day moving average of $33.59. Dan IVES Wedbush AI Revolution ETF has a 52 week low of $26.75 and a 52 week high of $41.93.

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.