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

Wealthfront Advisers LLC trimmed its holdings in AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO) by 73.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 134,034 shares of the company’s stock after selling 370,677 shares during the quarter. Wealthfront Advisers LLC owned about 1.14% of AdvisorShares Pure Cannabis ETF worth $353,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Heritage Oak Wealth Advisors LLC increased its holdings in AdvisorShares Pure Cannabis ETF by 5.2% in the first quarter. Heritage Oak Wealth Advisors LLC now owns 626,886 shares of the company’s stock worth $1,649,000 after purchasing an additional 31,218 shares in the last quarter. Sankala Group LLC bought a new position in shares of AdvisorShares Pure Cannabis ETF during the 4th quarter worth approximately $40,000. Jane Street Group LLC grew its position in shares of AdvisorShares Pure Cannabis ETF by 543.0% during the 4th quarter. Jane Street Group LLC now owns 284,100 shares of the company’s stock worth $938,000 after buying an additional 239,914 shares during the period. LPL Financial LLC grew its position in shares of 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 buying an additional 10,582 shares during the period. Finally, Advisory Alpha LLC bought a new stake in shares of AdvisorShares Pure Cannabis ETF in the 4th quarter valued at $57,000.

AdvisorShares Pure Cannabis ETF Stock Down 1.9%

AdvisorShares Pure Cannabis ETF stock opened at $2.63 on Friday. AdvisorShares Pure Cannabis ETF has a 12-month low of $2.11 and a 12-month high of $4.53. The firm’s fifty day moving average is $2.85 and its 200 day moving average is $2.93. The company has a market capitalization of $30.82 million, a PE ratio of 21.88 and a beta of 1.25.

About AdvisorShares Pure Cannabis ETF

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.