E A Look At The Top 10 Holdings Of The New Marijuana ETF

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ETF Managers Group LLC just announced that its cannabis-focused ETFMG Alternative Harvest ETF (NYSE:MJX) has officially started trading. Previously trading as the Tierra XP Latin America Real Estate ETF, the fund now focuses on “companies likely to benefit from the increasing global acceptance of various uses of the cannabis plant.”

This fund seeks to track the performance of the Prime Alternative Harvest Index, and as of this morning had 31 holdings other than cash, so we decided to take a dive into the top 10 holdings, which collectively account for just over 45% of MJX holdings.