ETFMG Alternative Harvest ETF (NYSE:MJ)
Founded in 2014 and headquartered in Summit New Jersey, this is the largest cannabis-focused exchange-traded fund on the market and the first and only U.S.-listed ETF to target the global cannabis industry directly, via the Prime Alternative Harvest Index.
The top holding in this ETF’s portfolio is the 10.35% share of Britain’s
GW Pharmaceuticals plc (NASDAQ:GWPH), followed by a 9.88% share of Canada’s
Aphria Inc. (NASDAQ:APHA) and a 7.01% share of
Tilray Inc. (NASDAQ:TLRY).
On Dec. 4, 2020, this ETF reached the mark of $1 billion assets under management.
MJ trades around at $20.18, which is between its 52-week high of $34.58 and its 52-week low of $10.12