mikkelwilliam
After announcing it was getting into the exchange traded fund industry in February, asset manager Wedbush Securities has launched a new ETF focused on artificial intelligence.
The ticker? Perhaps no surprise that it’s “IVES.”
Known as the Dan Ives Wedbush AI Revolution ETF, the fund will be composed of 30 companies under the purview of the well-known and often loquacious tech analyst. Notable names include Nvidia (NASDAQ:NVDA), Apple (NASDAQ:AAPL), Microsoft (NASDAQ:MSFT), Alphabet (NASDAQ:GOOG) (GOOGL) and others.
“It’s based on our research,” Ives told CNBC. “So as new companies come in, then some companies could come out. This is a living organism, in terms of this AI 30. It’s not static. And that’s a key part of the theme here, because the theme will continue to evolve.”
Ives, who was interviewed by Seeking Alpha in January 2024, initially launched the list of the AI 30 companies last month. 2025 has been an inflection year within enterprise generative AI as true adoption has gone from idea to scale, with more companies looking to invest in AI to cut costs and boost productivity, Ives said last month.
“It’s all about the use cases exploding which is driving this tech transformation being led by software and chips into the rest of 2025 and beyond and thus speaks to our tech bull and AI Revolution thesis with these 30 core names,” Ives said last month.
The management fee on the IVES ETF is 0.75%.