Commonwealth Equity Services LLC Cuts Stock Position in ETFMG Alternative Harvest ETF (NYSEARCA:MJ)

Commonwealth Equity Services LLC lowered its stake in ETFMG Alternative Harvest ETF (NYSEARCA:MJ – Get Rating) by 1.7% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 393,236 shares of the company’s stock after selling 6,910 shares during the quarter. Commonwealth Equity Services LLC’s holdings in ETFMG Alternative Harvest ETF were worth $1,804,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cetera Investment Advisers raised its holdings in shares of ETFMG Alternative Harvest ETF by 7.9% during the first quarter. Cetera Investment Advisers now owns 24,588 shares of the company’s stock valued at $255,000 after acquiring an additional 1,799 shares during the last quarter. Captrust Financial Advisors raised its stake in ETFMG Alternative Harvest ETF by 17.8% in the 2nd quarter. Captrust Financial Advisors now owns 15,447 shares of the company’s stock valued at $90,000 after purchasing an additional 2,335 shares during the last quarter. Sugarloaf Wealth Management LLC raised its stake in ETFMG Alternative Harvest ETF by 29.8% in the 3rd quarter. Sugarloaf Wealth Management LLC now owns 10,392 shares of the company’s stock valued at $49,000 after purchasing an additional 2,385 shares during the last quarter. Lincoln National Corp lifted its holdings in ETFMG Alternative Harvest ETF by 11.5% in the 3rd quarter. Lincoln National Corp now owns 23,135 shares of the company’s stock valued at $106,000 after purchasing an additional 2,388 shares in the last quarter. Finally, Integrated Advisors Network LLC boosted its stake in ETFMG Alternative Harvest ETF by 12.0% during the 3rd quarter. Integrated Advisors Network LLC now owns 24,482 shares of the company’s stock worth $112,000 after purchasing an additional 2,614 shares during the last quarter.

ETFMG Alternative Harvest ETF Trading Down 0.3 %

Shares of NYSEARCA MJ opened at $3.70 on Tuesday. The firm has a 50-day simple moving average of $4.32 and a 200-day simple moving average of $4.91. ETFMG Alternative Harvest ETF has a 52 week low of $3.63 and a 52 week high of $11.45.

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.