This morning, stocks edged higher to begin the final trading session of what looks to be a winning week for the S&P 500 and the Dow. So far this week, the Dow is up 0.8%, and the S&P 500 is up 0.6%. The Nasdaq is the underperformer with a loss of 0.1%. We’ll have to wait for closing bell to find out where we land. In the meantime, our team has yet another compelling investment idea for your consideration.
Many investors realize that legal marijuana is a huge growth opportunity waiting to explode, even if the path has been filled with pitfalls in the early stages. Marijuana stocks have taken a hit lately, which means now could be a good time to pick up some shares.
Choosing individual stocks can be time-consuming and risky, especially in unfamiliar territory. You don’t need to become an expert on the ever-flourishing marijuana space to find the right company to invest in. Consider investing in an ETF instead. ETFs, take the guesswork out of investing because, in essence, you have a seasoned investor or team doing the legwork for you. In our opinion, one of the most well-managed pot ETFs available is The AdvisorShares Pure Cannabis ETF (YOLO).
The fund seeks to provide long-term capital appreciation by investing in cannabis equity securities. YOLO is designed to fully invest for pure cannabis exposure under the guidance of a deeply experienced portfolio management team navigating the emerging cannabis marketplace.
It holds stocks of both domestic and foreign companies but is primarily focused on those located in the U.S. and Canada. It also focuses on companies that specialize in offering consumer cannabis products. The ETF follows a blended strategy, investing in both value and growth stocks with various market capitalizations. The fund holds a relatively large share of cash as a percentage of total assets, at 22.8%. Aside from that cash component, the fund’s top holdings include names like Village Farms International Inc. (VFFTO), a company that operates agricultural greenhouse facilities and raises various produce; Innovative Industrial Properties Inc (IIPR), a REIT focused on industrial properties leased to tenants in the cannabis industry; and GrowGeneration Corp (GRWG), an agricultural products distributor.
The AdvisorShares Pure Cannabis ETF (YOLO)
- Weighted Average Market Cap $3.58B
- Assets Under Management $313.91M
- Number of Holdings 32
- Price / Earnings Ratio -10.30
- Price / Book Ratio 2.81
- Expense Ratio 0.75%
- Distribution Yield 0.98%
Where to invest $1,000 right now...
Before you consider buying YOLO, you'll want to see this.
Investing legend, Keith Kohl just revealed his #1 stock for 2022...
And it's not YOLO.
Jeff Bezos, Peter Thiel, and the Rockefellers are betting a colossal nine figures on this tiny company that trades publicly for $5.
Keith say’s he thinks investors will be able to turn a small $50 stake into $150,000.
Find that to be extraordinary?
Click here to watch his presentation, and decide for yourself...
But you have to act now, because a catalyst coming in a few weeks is set to take this company mainstream... And by then, it could be too late.
Click here to find out the name and ticker of Keith's #1 pick...
