In a form that is recent filed with the U.S. Securities and Exchange Commission, the country’s largest public pension fund, California Public Employees Retirement System, a.k.a. CalPERS, disclosed that it trimmed its stake in the national chain of specialty hydroponic and garden that is organic, GrowGeneration Corp. (NASDAQ:GRWG).
After its sale that is recent still held a whopping 79,937 shares of GRWG according to the filing. That’s worth over $4,589,183 based on the last price that is traded of57.41 per share.
With an over $129 billion in assets under administration at the time of a Form that is recent ADV CalPERS’ recent sale of 1,194 shares of GrowGeneration Corp. amounts to just a tiny bit of profit taking for the pension fund. It should still be seen as a signal that is bullish CalPERS has a $4.5+ million stake into the business.
Just three times ago, GrowGeneration announced its purchase of Grow Depot, a chain that is two-store Auburn and Augusta, Maine, bringing the total number of GrowGen hydroponic garden centers in Maine to 5, and the total number of GrowGen locations nationwide to 42.
We’ll continue to monitor 13F filings to see what institutional investors are up to, so be sure to subscribe to our cannabis stock updates here. The State of Wisconsin Investment Board just doubled down on.