Exchange-traded funds (ETFs) are a great way to gain exposure to the hot field of artificial intelligence (AI). ETFs provide a diversified portfolio of AI stocks while typically charging low fees.

A new AI ETF emerged recently, and what makes this one stand out is that it's overseen by Dan Ives, the global head of technology research at Wall Street firm Wedbush Fund Advisors. Naturally, the fund, the Dan Ives Wedbush AI Revolution ETF (NYSEMKT: IVES), is named after its founder.

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But just because it sports the name of a well-known stock market analyst doesn't mean the ETF is a buy. Here's a deeper look into this new opportunity to invest in the hot field of artificial intelligence.

What's in the Dan Ives ETF

Ives started his namesake ETF because he's excited about the transformative power artificial intelligence brings to every industry. He told Fox Business, "In 25 years covering tech, I've never seen a bigger theme than the AI revolution."

The fund is made up of 30 businesses across a number of industries ranging from semiconductor manufacturing and robotics to cybersecurity and consumer products. What ties these disparate companies together is that each has developed strong AI capabilities in their fields.

The Dan Ives Wedbush AI Revolution ETF encompasses many key players in the AI space, including tech stalwarts Microsoft, Tesla, Apple, Palo Alto Networks, and of course, AI darling Nvidia. Some newcomers to the AI arena are also included, such as SoundHound AI and C3.ai.

All 30 stocks were handpicked using Ives' proprietary investment framework. Ives intends to actively manage the roster of companies in his ETF, and the plan is to reconfigure and rebalance the stocks quarterly. At the time of this writing, Microsoft has the heaviest weighting in the ETF at 5.65%.

Ives described this process to CNBC, saying:

It's based on our research. 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.

More details about the Dan Ives ETF

While available to all investors, the ETF is aimed at retail investors. Ives explained there's "a heavy focus on retail for all the investors that follow me."

The Dan Ives Wedbush AI Revolution ETF charges an annual fee of 0.75%, which is higher than several other AI ETFs. That's not surprising because the fund is actively managed, so investors will be paying $75 annually in fees for every $10,000 invested.

In fact, Cullen Rogers, chief investment officer at Wedbush Fund Advisers, told CNBC, "We're kind of walking this line between active and passive."

This is actually a strength of Ives' ETF compared to a passively managed fund. The AI industry is dynamic and evolving rapidly. Having Ives and his team researching and staying on top of who the important AI players are across diverse industries is essential to the fund's performance over time.

And Ives wasn't modest when he highlighted another reason to invest in his ETF, telling Yahoo! Finance, "There is only one Dan Ives." He elaborated, "There are plenty of other great vehicles out there, but there's only one that encompasses my investing team and the research that investors have trusted me to deliver."

Factors to weigh before investing in Dan Ives' ETF

Is there enough reason to invest in the Dan Ives Wedbush AI Revolution ETF? It boasts a number of exceptional AI stocks. For example, it includes shares of Facebook parent Meta Platforms, which rose 42%, and Pegasystems, which skyrocketed 78% over the past 12 months.

But because the fund is so new, with an inception date of June 3, the ETF lacks a track record to assess how it's performed over time. Some of the veteran companies in the fund, for example, Nvidia, are a solid choice, but others, such as Soundhound, are newer businesses that may not succeed over the long run.

So there's risk this ETF can underperform the overall market. If so, you're better off opting for one of the ETFs focused on the S&P 500.

Moreover, the method Ives is taking with his fund warrants careful consideration. He told Yahoo! Finance: "I've never been too focused on valuations. It's about the themes, the best places, and the disruptors."

To say stock valuation is taking a bit of a back seat is concerning. It's also counter to how investing legend Warren Buffett approaches stocks. As Buffett has famously said, "It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price."

As a result, before deciding to invest, wait to see how the ETF performs over the next few quarters. This gives you some history to evaluate whether Ives can deliver worthwhile returns in the dynamic, ever-evolving AI industry.

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Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Robert Izquierdo has positions in Apple, C3.ai, Meta Platforms, Microsoft, Nvidia, Palo Alto Networks, SoundHound AI, and Tesla. The Motley Fool has positions in and recommends Apple, Meta Platforms, Microsoft, Nvidia, and Tesla. The Motley Fool recommends C3.ai, Palo Alto Networks, and Pegasystems and recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy.

Not too many Wall Street analysts have name recognition, but Wedbush's Dan Ives is one of the best-known commentators and AI cheerleaders.

Ives is a frequent guest on CNBC and other financial news outlets, as well as social media, typically wearing a bright-colored jacket and a loud shirt. He's known for his bullish commentary on stocks like Nvidia and Palantir. In fact, Ives recently said that Palantir would hit a market cap of $1 trillion within three years.

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Now, the Wedbush analyst has taken the next logical step, creating an exchange-traded fund (ETF). On Wednesday, Wedbush Fund Advisers launched the Dan Ives Wedbush AI Revolution (NYSEMKT: IVES), which trades on the New York Stock Exchange and is based on his picks and research in the artificial intelligence (AI) sector.

The ETF holds 30 stocks, ranging from semiconductors to hyperscalers to cybersecurity, robotics, and other industries. Ives says he is more focused on themes and disruptive impact, rather than valuation, and the ETF features many of the best-known names in AI.

What's in the IVES ETF?

The top 10 holdings in the IVES ETF are as follows:

Company	Percent of Fund
Microsoft	5.67%
Nvidia	5.37%
Broadcom	5.25%
Tesla	4.65%
Taiwan Semiconductor Manufacturing	4.63%
Meta Platforms	4.61%
Amazon	4.41%
Palantir	4.33%
Alphabet	4.31%
Apple	4.24%

That list shouldn't come as a big surprise. It includes the "Magnificent Seven" and three other well-known AI stocks, Broadcom, Taiwan Semiconductor, and Palantir. Combined, those stocks make up nearly half of the fund.

Of the remaining stocks, there are several cloud software and cybersecurity names like ServiceNow, Palo Alto Networks, Salesforce, Adobe, Snowflake, and Zscaler.

Among the lesser-followed stocks it owns are Innodata, Elastic, and Pegasystems, which are all relatively small positions in the fund. Each stock is at least 1% of the fund.

As of June 4, the fund had net assets of $26.4 million, and its expense ratio is 0.75%, meaning investors will pay $0.75 out of every $100 invested in the fund to Wedbush to manage it.

Why it matters for investors

The launch of the IVES ETF matters to investors for a few reasons. First, if the fund serves as a big draw, bringing billions into the fund, it will funnel that money to the stocks it holds, helping them rise further.

The fund is also contributing to a greater proliferation of AI ETFs, potentially making it easier to invest in AI stocks.

We're about 2.5 years into the AI boom, which kicked off with the launch of ChatGPT in 2022, and some AI ETFs have been created. However, the formation of AI ETFs has generally lagged in the sector, and many of the funds that purport to track AI stocks don't invest in the household names that investors might expect an AI ETF to hold.

For instance, the Global X Robotics & Artificial Intelligence ETF holds little-known stocks like ABB, Keyence, and Fanuc, which are focused on robotics and automation, among its top five holdings.

The IVES ETF gives investors exposure to the more traditional AI stocks that have become associated with the AI boom.

Is the IVES ETF a buy?

If you backtested the IVES ETF over the last year or two, it would have outperformed the S&P 500. The ETF doesn't get credit for that, but the top holdings are many of the stocks that Ives has been publicly bullish on during that time.

If the AI boom continues, the IVES ETF is likely to be a winner as it offers exposure to a range of stocks driving the "AI revolution."

With an expense ratio of 0.75%, the IVES ETF is more expensive than most ETFs, but on par with actively managed funds. For investors looking for easy exposure to a range of AI stocks, investing a bit of money into the IVES ETF is a good way to do it.

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John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Jeremy Bowman has positions in Amazon, Broadcom, Meta Platforms, Nvidia, and Taiwan Semiconductor Manufacturing. The Motley Fool has positions in and recommends Abb, Adobe, Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia, Palantir Technologies, Salesforce, ServiceNow, Snowflake, Taiwan Semiconductor Manufacturing, Tesla, and Zscaler. The Motley Fool recommends Broadcom, Elastic, Fanuc, Palo Alto Networks, and Pegasystems and recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy.

• Miranda McWhorter joins season two of Hulu's "The Secret Lives of Mormon Wives."
• Miranda and her then-husband, Chase McWhorter, were involved in the 2022 "soft swinging" scandal.
• Miranda appears on the show to clarify her role in the scandal and reconnect with MomTok.

One of the original MomTok members is entering the fray in season two of "The Secret Lives of Mormon Wives."

Hulu's reality TV show about eight Mormon mom influencers debuted in September 2024 and quickly became the most-watched unscripted season premiere on the streamer that year.

The concept for the show had its roots on TikTok, where influencer Taylor Frankie Paul confessed in 2022 that she and her then-husband, Tate Paul, were divorcing after "soft swinging" within their friend group got messy.

Most of the "Mormon Wives" cast members denied being involved in the viral scandal, but another key player was missing from the reality TV series: Miranda McWhorter, 26, Taylor's former best friend.

After sitting out season one, Miranda is ready to clear the air in season two, now streaming on Hulu.

"Taylor's a very vocal person and everybody has heard her side of the scandal. But I'm finally here to tell mine," Miranda says in the season two premiere.

Here's everything to know about her.

Miranda McWhorter shares 2 kids with her ex-husband, Chase McWhorter

Miranda and Chase met after she graduated from high school. They married in 2017 and welcomed their first child, a son named Brooks Wesley McWhorter, two years later. Their second child, a daughter named Cohen Roo McWhorter, was born in 2021.

Miranda and Chase revealed in 2024 that they had divorced after seven years of marriage.

In August of that year, during an appearance on Josie Van Dyke's podcast, "Weekly Trash," Miranda said that her and Chase's reasons for splitting stemmed from issues that arose prior to the swinging scandal.

"That might have not helped for sure, but it definitely did not play a part in the decision-making process," she said.

Chase, for his part, told Us Weekly that they got married "a little prematurely" but continue to be cordial coparents.

Miranda and Chase initially denied their involvement in the 'soft swinging' scandal

Chase eventually detailed his connection to the incident two years after the scandal, during his 2024 interview with Us Weekly.

Chase said that the parties where swinging took place began during COVID-19. He said that couples they were friends with would hang out, "get trashed on alcohol," and play games like spin the bottle.

Chase said that he and Miranda participated in some of the games, but "it was never predetermined that we were going to be doing, like, swinging."

"That's what we always thought was a little bit misrepresented in Taylor's story, as she presents it," he said.

Miranda and Taylor hash out what constitutes 'swinging' in season 2

Miranda's unexpected appearance at an influencer event that the start of the season surprises Taylor and the other women because she left MomTok after the scandal exploded.

Now single and at a different point in her life, Miranda says she hopes to repair her friendships and perhaps rejoin MomTok. But her version of the scandal contradicts Taylor's claims, leading to confusion. Plus, some of the women suspect Miranda may want to rejoin the group to take advantage of the lucrative brand deals that come with MomTok fame.

"The height of what I was ever involved in was playing spin the bottle and kissing other people," Miranda tells them. "And so it was very jarring for me for Taylor to come out and say everyone was hooking up with everyone, because that was simply not the case at all."

"No one had sex ever, period." Miranda says, adding, "I will go to my grave."

In episode two, Miranda says that she lied about not being part of the swinging controversy because she wasn't ready to own up to her actions.

In the following episode, Miranda and Taylor discuss the specifics of what actually occurred in a one-on-one conversation.

While Miranda insists that she only went as far as kissing other people, Taylor says in the confessional that it was more complicated than that.

According to Taylor, they participated in other things too, like the couples having sex in the same bed at the same time. Other times, she said they were blindfolded and tried to guess which husband they were kissing. Taylor also recalls a night when she and Miranda got so drunk that they made out while people filmed it.

In a confessional, Miranda says that a lot of embarrassing things happened, and she felt out of control and wronged when Taylor spoke out on TikTok.

"I wish that I would have come out with what really happened rather than denying everything," Miranda says. "That probably did make her feel worse and look worse, and that wasn't my intention. It was very much, 'I'm terrified and I have a reputation as a Mormon to uphold.' And I regret that."

Miranda seems to be on friendly terms with the MomTokers

Nowadays, Miranda's social media presence includes sponsored content and videos about single life.

In the lead-up to the season two premiere, she's has been posting videos that include some of the MomTokers. Members of the group have also been commenting on her TikTok videos.

In April, MomToker and fellow cast member Layla Taylor joined Miranda and her friends at the country music festival Stagecoach. That month, Miranda also posted a TikTok featuring Taylor, Layla, Mayci Neeley, Mikayla Matthews, and Jessi Ngatikaura.

In response to a video Miranda posted about having fears about being a single mom, Taylor commented, "Right there with you mama."

Most recently, Miranda posted a TikTok with Taylor, making fun of her "bestie" for outing her for being a "swinger."

"i love that i can self deprecate over this now actually lmao @Taylor Paul #momtok #slomw #secretlives," she captioned the video.

All 10 episodes of season two of "The Secret Lives of Mormon Wives" are now streaming on Hulu.