Tuesday, April 16, 2019 6:49:24 PM
MJ is the first pot-focused ETF to trade in the U.S. The fund tracks an index of stocks across the globe that are engaged in the legal cultivation, production, marketing or distribution of cannabis products for either medical or nonmedical purposes. MJ also holds stocks of companies that trade or produce tobacco or tobacco products, or fertilizers, plant foods, pesticides or growing equipment for cannabis or tobacco. In addition, the fund can hold pharmaceutical companies that produce, market or distribute drug products that use cannabinoids. MJ can only hold companies that are engaged in legal activities and possess all necessary permits.
At the time of launch, the fund did not include companies growing or distributing marijuana in the U.S. due to its continuing prohibition at the federal level.
The index provider uses publicly available sources to identify companies that derive more than half their revenue from cannabis-related activities.
MJ includes roughly 30 stocks, reconstituted and rebalanced quarterly.
The expense ratio is on the high side for an index-based equity ETF.
My posts are just my opinions. Receive no compensation for posts.
May be long or hold no position. Do not short. Do not trade options
Recent MJ News
- Amplify ETFs Declares June Income Distributions for its ETFs • GlobeNewswire Inc. • 06/27/2024 11:00:00 AM
- Amplify ETFs Declares March Income Distributions for its ETFs • GlobeNewswire Inc. • 03/26/2024 11:00:00 AM
- Amplify ETFs Completes Acquisition to Reach $9.1 Billion AUM Across 31 ETFs • GlobeNewswire Inc. • 01/29/2024 11:45:36 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM