Wealthfront Advisers LLC Grows Position in AdvisorShares Pure Cannabis ETF $YOLO

Wealthfront Advisers LLC boosted its stake in shares of AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO) by 316.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 415,951 shares of the company’s stock after acquiring an additional 315,972 shares during the period. Wealthfront Advisers LLC owned 3.26% of AdvisorShares Pure Cannabis ETF worth $1,468,000 at the end of the most recent quarter.

Separately, Jane Street Group LLC grew its position in shares of AdvisorShares Pure Cannabis ETF by 23.8% during the second quarter. Jane Street Group LLC now owns 141,248 shares of the company’s stock valued at $268,000 after purchasing an additional 27,153 shares in the last quarter.

AdvisorShares Pure Cannabis ETF Trading Up 1.4%

NYSEARCA:YOLO opened at $2.88 on Friday. The business’s 50-day moving average is $3.22 and its 200 day moving average is $3.17. AdvisorShares Pure Cannabis ETF has a 12 month low of $1.45 and a 12 month high of $4.53. The company has a market capitalization of $36.17 million, a P/E ratio of 21.88 and a beta of 1.38.

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.