Longitude Cayman Ltd. Buys Shares of 133,000 Dan IVES Wedbush AI Revolution ETF $IVES

Longitude Cayman Ltd. bought a new stake in Dan IVES Wedbush AI Revolution ETF (NYSEARCA:IVES) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 133,000 shares of the company’s stock, valued at approximately $4,204,000. Dan IVES Wedbush AI Revolution ETF accounts for about 1.8% of Longitude Cayman Ltd.’s holdings, making the stock its 23rd biggest position. Longitude Cayman Ltd. owned 0.41% of Dan IVES Wedbush AI Revolution ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in IVES. Thrivent Financial for Lutherans acquired a new position in Dan IVES Wedbush AI Revolution ETF in the fourth quarter valued at about $78,128,000. Wedbush Securities Inc. lifted 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 buying an additional 370,689 shares during the period. HighTower Advisors LLC lifted its stake in Dan IVES Wedbush AI Revolution ETF by 157.3% in the fourth 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 period. TD Waterhouse Canada Inc. lifted its stake in Dan IVES Wedbush AI Revolution ETF by 342.2% in the fourth 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 period. Finally, First Heartland Consultants Inc. lifted its stake in 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 valued at $6,351,000 after buying an additional 184,594 shares during the period.

Dan IVES Wedbush AI Revolution ETF Price Performance

NYSEARCA IVES opened at $36.96 on Friday. The firm has a market cap of $1.12 billion, a P/E ratio of 27.36 and a beta of 2.82. The stock’s 50-day moving average is $34.71 and its 200-day moving average is $32.50. Dan IVES Wedbush AI Revolution ETF has a one year low of $25.62 and a one year high of $41.93.

Dan IVES Wedbush AI Revolution ETF 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.