TOKE - Cambria Cannabis ETF Debuted This Week: Will You Be Investing?

On Monday, the Cambria Cannabis ETF (NYSE:TOKE) made its debut as a publicly-traded security. This ETF is actively managed and concentrates exclusively on marijuana stocks.

At the end of its first day of trading, TOKE stock was valued at $24.70 per share.

The ETF is managed by Cambria Investment Management, a privately held, Los Angeles-based financial services company with more than $1 billion in assets under management. The company also manages a suite of equity and bond ETFs.

With under $2.5 million in net assets spread among 31 holdings, ...