Navigating Regulatory Changes: 5 Cannabis ETFs To Explore

3. Cambria Cannabis ETF (BATS:TOKE)

5-Year Share Price Performance as of March 22: -74.95%

Ranked 3rd on our list of the best cannabis ETFs, the Cambria Cannabis ETF (BATS:TOKE) invests in companies with different market capitalizations and provides exposure to the broader cannabis industry. The fund aims to invest in around 20 to 50 of the leading cannabis companies worldwide. Launched on July 25, 2019, the ETF holds net assets totaling $10.42 million as of March 22, 2024, and offers a net expense ratio of 0.42%. Its portfolio consists of 29 stocks.

Constellation Brands, Inc. (NYSE:STZ) is one of the largest holdings of the Cambria Cannabis ETF (BATS:TOKE). Constellation Brands, Inc. (NYSE:STZ) is involved in the production, importation, marketing, and sale of beer, wine, and spirits across different countries. On February 6, Constellation Brands, Inc. (NYSE:STZ) declared a $0.89 per share quarterly dividend. It was paid on February 22.

According to Insider Monkey’s fourth quarter database, 53 hedge funds were bullish on Constellation Brands, Inc. (NYSE:STZ), up from 50 funds in the prior quarter. Paul Marshall and Ian Wace’s Marshall Wace LLP is the largest position holder in the company, with 1.41 million shares valued at $340.41 million.