Wealthfront Advisers LLC Sells 370,677 Shares of AdvisorShares Pure Cannabis ETF $YOLO

Wealthfront Advisers LLC decreased its holdings in shares of AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO) by 73.4% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 134,034 shares of the company’s stock after selling 370,677 shares during the period. Wealthfront Advisers LLC’s holdings in AdvisorShares Pure Cannabis ETF were worth $353,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. CWM LLC acquired a new position in shares of AdvisorShares Pure Cannabis ETF during the fourth quarter valued at about $26,000. Sankala Group LLC acquired a new stake in shares of AdvisorShares Pure Cannabis ETF in the 4th quarter worth about $40,000. Advisory Alpha LLC acquired a new position in AdvisorShares Pure Cannabis ETF during the 4th quarter valued at about $57,000. Geneos Wealth Management Inc. boosted its stake in AdvisorShares Pure Cannabis ETF by 1,252.7% during the 4th quarter. Geneos Wealth Management Inc. now owns 50,860 shares of the company’s stock valued at $168,000 after purchasing an additional 47,100 shares during the last quarter. Finally, LPL Financial LLC increased its holdings in AdvisorShares Pure Cannabis ETF by 11.4% during the 4th quarter. LPL Financial LLC now owns 103,057 shares of the company’s stock worth $340,000 after purchasing an additional 10,582 shares in the last quarter.

AdvisorShares Pure Cannabis ETF Stock Down 1.9%

Shares of AdvisorShares Pure Cannabis ETF stock opened at $2.63 on Friday. The company has a market cap of $30.82 million, a PE ratio of 21.88 and a beta of 1.25. AdvisorShares Pure Cannabis ETF has a 52 week low of $2.11 and a 52 week high of $4.53. The business has a 50 day moving average price of $2.85 and a 200-day moving average price of $2.93.

AdvisorShares Pure Cannabis ETF Profile

The AdvisorShares Pure Cannabis ETF (YOLO) is an exchange-traded fund that is based on the Prime Alternative Harvest index. The fund is an actively-managed ETF that seeks long-term capital appreciation by investing in both domestic and foreign cannabis equities, as well as total return swaps of similar securities. YOLO was launched on Apr 17, 2019 and is managed by AdvisorShares.