ETFMG Alternative Harvest ETF (NYSEARCA:MJ) Stake Cut by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC reduced its holdings in ETFMG Alternative Harvest ETF (NYSEARCA:MJ – Get Rating) by 20.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 311,457 shares of the company’s stock after selling 81,779 shares during the period. Commonwealth Equity Services LLC owned about 0.44% of ETFMG Alternative Harvest ETF worth $1,326,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. raised its stake in shares of ETFMG Alternative Harvest ETF by 56.4% during the 1st quarter. JPMorgan Chase & Co. now owns 41,697 shares of the company’s stock worth $432,000 after purchasing an additional 15,034 shares in the last quarter. Raymond James & Associates raised its stake in shares of ETFMG Alternative Harvest ETF by 21.9% during the 1st quarter. Raymond James & Associates now owns 267,670 shares of the company’s stock worth $2,776,000 after purchasing an additional 48,168 shares in the last quarter. Oppenheimer & Co. Inc. purchased a new stake in shares of ETFMG Alternative Harvest ETF during the 1st quarter worth about $107,000. Bank of Montreal Can raised its stake in shares of ETFMG Alternative Harvest ETF by 46.6% during the 1st quarter. Bank of Montreal Can now owns 185,044 shares of the company’s stock worth $2,012,000 after purchasing an additional 58,786 shares in the last quarter. Finally, Cetera Investment Advisers raised its stake in shares of ETFMG Alternative Harvest ETF by 7.9% during the 1st quarter. Cetera Investment Advisers now owns 24,588 shares of the company’s stock worth $255,000 after purchasing an additional 1,799 shares in the last quarter.

ETFMG Alternative Harvest ETF Price Performance

Shares of MJ stock opened at $3.26 on Friday. The stock’s 50 day simple moving average is $3.40 and its 200 day simple moving average is $4.28. ETFMG Alternative Harvest ETF has a twelve month low of $3.11 and a twelve month high of $7.86.

ETFMG Alternative Harvest ETF Company Profile

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The ETFMG Alternative Harvest ETF (MJ) is an exchange-traded fund that is based on the Prime Alternative Harvest index. The fund tracks an index of global firms engaged in the legal cultivation, production, marketing or distribution of cannabis, cannabinoids or tobacco products. The portfolio is weighted by market cap or equally based on a proprietary system.