AdvisorShares Pure US Cannabis ETF $MSOS is AdvisorShares Investments LLC’s 5th Largest Position

AdvisorShares Investments LLC raised its stake in shares of AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) by 15.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,759,593 shares of the company’s stock after buying an additional 500,100 shares during the period. AdvisorShares Pure US Cannabis ETF comprises about 2.9% of AdvisorShares Investments LLC’s investment portfolio, making the stock its 5th biggest holding. AdvisorShares Investments LLC’s holdings in AdvisorShares Pure US Cannabis ETF were worth $18,008,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Truist Financial Corp raised its holdings in shares of AdvisorShares Pure US Cannabis ETF by 118.1% during the second quarter. Truist Financial Corp now owns 63,131 shares of the company’s stock worth $152,000 after acquiring an additional 34,179 shares in the last quarter. Ameritas Advisory Services LLC acquired a new position in AdvisorShares Pure US Cannabis ETF in the 2nd quarter worth about $28,000. Stratos Wealth Partners LTD. purchased a new stake in shares of AdvisorShares Pure US Cannabis ETF during the 2nd quarter worth about $29,000. Bleakley Financial Group LLC lifted its holdings in shares of AdvisorShares Pure US Cannabis ETF by 29.4% during the 2nd quarter. Bleakley Financial Group LLC now owns 578,445 shares of the company’s stock valued at $1,394,000 after buying an additional 131,510 shares during the last quarter. Finally, Carrera Capital Advisors grew its stake in shares of AdvisorShares Pure US Cannabis ETF by 18.4% in the 2nd quarter. Carrera Capital Advisors now owns 232,543 shares of the company’s stock valued at $560,000 after buying an additional 36,061 shares in the last quarter.

AdvisorShares Pure US Cannabis ETF Stock Performance

Shares of MSOS opened at $4.16 on Friday. The firm has a market cap of $817.32 million, a PE ratio of 12.20 and a beta of 1.20. The firm’s 50 day moving average price is $4.55 and its 200 day moving average price is $4.43. AdvisorShares Pure US Cannabis ETF has a twelve month low of $2.02 and a twelve month high of $7.25.

About AdvisorShares Pure US Cannabis ETF

The AdvisorShares Pure US Cannabis ETF (MSOS) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed narrow portfolio of US stocks or swap contracts related to the domestic cannabis and hemp industry. MSOS was launched on Sep 1, 2020 and is managed by AdvisorShares.