In a recent Form 13F-HR filed with the U.S. Securities and Exchange Commission, Zurich, Switzerland-based private wealth manager UBS Group AG disclosed that it increased its stake in ancillary vaping and smoking accessory distributor Greenlane Holdings Inc. (NASDAQ:GNLN).
Just yesterday, shares of GNLN were hit hard in the markets, closing out the trading day down over 4%.
According to Bloomberg, “UBS Group AG provides financial services to private, corporate, and institutional clients. The Company offers investment, retail, and corporate and institutional banking, as well as holistic wealth management planning and asset management services. UBS Group also offers securities services such as fund administration and third-party fund management.”
With an estimated over $287 billion in managed 13F securities as of its recent filing in assets under management as of a recent Form ADV, UBS Group AG’s recent scoop of 676,659 more shares of Greenlane Holdings amounts to just a tiny drop in the bucket for the firm.
As of the filing, UBS Group AG was holding 683,842 shares of GNLN in total, worth $967,281.84 at Greenlane’s last traded price of $2.52 USD per share.
We’ll continue to monitor 13F filings to see what institutional investors are up to. In the meantime, be sure to subscribe to updates here so you never miss an important update.
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