Royal Bank of Canada Sells 140,079 Shares of Dan IVES Wedbush AI Revolution ETF $IVES

Royal Bank of Canada decreased its position in shares of Dan IVES Wedbush AI Revolution ETF (NYSEARCA:IVES) by 91.8% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,520 shares of the company’s stock after selling 140,079 shares during the period. Royal Bank of Canada’s holdings in Dan IVES Wedbush AI Revolution ETF were worth $355,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Longitude Cayman Ltd. purchased a new stake in Dan IVES Wedbush AI Revolution ETF in the 4th quarter worth about $4,204,000. Thrivent Financial for Lutherans purchased a new position in shares of Dan IVES Wedbush AI Revolution ETF during the fourth quarter valued at approximately $78,128,000. HB Wealth Management LLC purchased a new position in shares of Dan IVES Wedbush AI Revolution ETF during the first quarter valued at approximately $516,000. Independent Financial Group LLC bought a new position in shares of Dan IVES Wedbush AI Revolution ETF during the first quarter valued at approximately $504,000. Finally, Sun Financial Inc bought a new position in shares of Dan IVES Wedbush AI Revolution ETF during the fourth quarter valued at approximately $586,000.

Dan IVES Wedbush AI Revolution ETF Stock Performance

Shares of NYSEARCA IVES opened at $38.12 on Thursday. The business’s 50 day moving average price is $37.50 and its 200-day moving average price is $34.50. Dan IVES Wedbush AI Revolution ETF has a fifty-two week low of $26.92 and a fifty-two week high of $41.93. The company has a market cap of $1.05 billion, a price-to-earnings ratio of 27.36 and a beta of 2.12.

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.