Wedbush's IVES ETF surpasses $100 million in assets within first 5 trading days

From Yahoo Finance: 2025-06-16 18:00:00

Wedbush Securities’ debut ETF, the Dan IVES Wedbush AI Revolution ETF (IVES), quickly exceeded $100 million in assets within its first five trading days. IVES, launched on June 4, focuses on artificial intelligence, holding 30 stocks identified in Wedbush analyst Dan Ives’ “The AI Revolution Theme” research.

Cullen Rogers, Wedbush Funds’ CIO and IVES ETF’s portfolio manager, noted the rapid $100 million milestone reflects investor demand for specific AI exposure. Wedbush’s move into the ETF market amid the AI trend sets IVES apart, offering insights into current AI technologies.

Wedbush’s foray into the ETF market during a race for AI-focused funds distinguishes it by leveraging Dan Ives’ reputation. The fund, a unique extension of Wedbush’s tech expertise, aims to provide differentiated research opportunities through the ETF vehicle, reflecting growing demand for AI investments.

Wedbush’s entry into investment management signifies a strategic expansion, catering to global clients with cutting-edge research-driven investment opportunities. IVES, positioned as just the start, aligns with the firm’s commitment to delivering bespoke financial solutions for clients, according to Kevin White, Wedbush Financial Services’ EVP and senior advisor.

Read more: IVES ETF Hits $100 Million in Assets in Only 5 Trading Days