Janney Montgomery Scott LLC Sells 47,912 Shares of Dan IVES Wedbush AI Revolution ETF $IVES

Janney Montgomery Scott LLC reduced its stake in Dan IVES Wedbush AI Revolution ETF (NYSEARCA:IVES) by 61.8% during the first quarter, Holdings Channel.com reports. The firm owned 29,640 shares of the company’s stock after selling 47,912 shares during the period. Janney Montgomery Scott LLC’s holdings in Dan IVES Wedbush AI Revolution ETF were worth $841,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Thrivent Financial for Lutherans purchased a new stake in shares of Dan IVES Wedbush AI Revolution ETF during the fourth quarter valued at approximately $78,128,000. HighTower Advisors LLC raised its holdings in Dan IVES Wedbush AI Revolution ETF by 157.3% during the 4th quarter. HighTower Advisors LLC now owns 543,805 shares of the company’s stock valued at $17,190,000 after buying an additional 332,426 shares during the last quarter. TD Waterhouse Canada Inc. raised its holdings in Dan IVES Wedbush AI Revolution ETF by 342.2% during the 4th quarter. TD Waterhouse Canada Inc. now owns 258,969 shares of the company’s stock valued at $8,181,000 after buying an additional 200,404 shares during the last quarter. Concentric Capital Strategies LP raised its holdings in Dan IVES Wedbush AI Revolution ETF by 109.2% during the 3rd quarter. Concentric Capital Strategies LP now owns 327,825 shares of the company’s stock valued at $10,530,000 after buying an additional 171,110 shares during the last quarter. Finally, Royal Bank of Canada boosted its position in Dan IVES Wedbush AI Revolution ETF by 1,277.2% during the 4th quarter. Royal Bank of Canada now owns 152,599 shares of the company’s stock valued at $4,823,000 after buying an additional 141,519 shares during the period.

Dan IVES Wedbush AI Revolution ETF Stock Down 1.2%

Shares of Dan IVES Wedbush AI Revolution ETF stock opened at $37.46 on Tuesday. The firm has a market cap of $1.07 billion, a PE ratio of 27.36 and a beta of 2.54. Dan IVES Wedbush AI Revolution ETF has a 12-month low of $26.68 and a 12-month high of $41.93. The company’s fifty day simple moving average is $37.41 and its two-hundred day simple moving average is $33.33.

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.