CMC Financial Group Takes Position in Dan IVES Wedbush AI Revolution ETF $IVES

CMC Financial Group purchased a new position in shares of Dan IVES Wedbush AI Revolution ETF (NYSEARCA:IVES) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 24,117 shares of the company’s stock, valued at approximately $775,000. Dan IVES Wedbush AI Revolution ETF makes up 1.4% of CMC Financial Group’s holdings, making the stock its 17th biggest holding. CMC Financial Group owned about 0.08% of Dan IVES Wedbush AI Revolution ETF at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Wedbush Securities Inc. raised its holdings in Dan IVES Wedbush AI Revolution ETF by 111.4% in the 3rd 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 in the last quarter. HighTower Advisors LLC grew its holdings in shares of Dan IVES Wedbush AI Revolution ETF by 1,312.7% during the 3rd quarter. HighTower Advisors LLC now owns 211,379 shares of the company’s stock worth $6,789,000 after purchasing an additional 196,416 shares in the last quarter. First Heartland Consultants Inc. increased its position in shares of Dan IVES Wedbush AI Revolution ETF by 1,406.2% in the third quarter. First Heartland Consultants Inc. now owns 197,721 shares of the company’s stock worth $6,351,000 after purchasing an additional 184,594 shares during the period. Concentric Capital Strategies LP increased its position in shares of Dan IVES Wedbush AI Revolution ETF by 109.2% in the third quarter. Concentric Capital Strategies LP now owns 327,825 shares of the company’s stock worth $10,530,000 after purchasing an additional 171,110 shares during the period. Finally, NewEdge Advisors LLC acquired a new position in Dan IVES Wedbush AI Revolution ETF in the third quarter valued at about $3,051,000.

Dan IVES Wedbush AI Revolution ETF Stock Down 1.0%

IVES opened at $30.17 on Thursday. The stock has a market capitalization of $969.06 million, a price-to-earnings ratio of 27.36 and a beta of 2.20. Dan IVES Wedbush AI Revolution ETF has a twelve month low of $25.07 and a twelve month high of $35.25. The company has a 50-day simple moving average of $31.20 and a 200 day simple moving average of $31.86.

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.