Wealthfront Advisers LLC Reduces Stake in AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO)

Wealthfront Advisers LLC trimmed its stake in AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO) by 36.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,421 shares of the company’s stock after selling 16,030 shares during the quarter. Wealthfront Advisers LLC owned approximately 0.22% of AdvisorShares Pure Cannabis ETF worth $69,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. A. D. Beadell Investment Counsel Inc. purchased a new stake in shares of AdvisorShares Pure Cannabis ETF during the 4th quarter valued at approximately $103,000. Flow Traders U.S. LLC purchased a new stake in shares of AdvisorShares Pure Cannabis ETF during the 3rd quarter valued at approximately $118,000. Jane Street Group LLC lifted its stake in shares of AdvisorShares Pure Cannabis ETF by 134.8% during the 3rd quarter. Jane Street Group LLC now owns 214,930 shares of the company’s stock valued at $701,000 after buying an additional 123,386 shares in the last quarter. Finally, Heritage Oak Wealth Advisors LLC purchased a new stake in shares of AdvisorShares Pure Cannabis ETF during the 4th quarter valued at approximately $1,469,000.

AdvisorShares Pure Cannabis ETF Trading Down 1.3 %

Shares of YOLO stock opened at $1.92 on Wednesday. The stock has a market capitalization of $24.80 million, a P/E ratio of 22.92 and a beta of 1.46. The firm’s 50 day moving average is $2.19 and its 200 day moving average is $2.67. AdvisorShares Pure Cannabis ETF has a 12 month low of $1.87 and a 12 month high of $4.76.

AdvisorShares Pure Cannabis ETF Company 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.