AdvisorShares Investments LLC Purchases 113,213 Shares of AdvisorShares Pure US Cannabis ETF $MSOS

AdvisorShares Investments LLC lifted its position in shares of AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) by 2.8% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 4,173,764 shares of the company’s stock after purchasing an additional 113,213 shares during the quarter. AdvisorShares Pure US Cannabis ETF comprises approximately 2.7% of AdvisorShares Investments LLC’s holdings, making the stock its 8th largest holding. AdvisorShares Investments LLC’s holdings in AdvisorShares Pure US Cannabis ETF were worth $14,817,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Suvretta Capital Management LLC grew its stake in AdvisorShares Pure US Cannabis ETF by 21.0% during the fourth quarter. Suvretta Capital Management LLC now owns 8,669,600 shares of the company’s stock worth $40,921,000 after buying an additional 1,502,600 shares during the period. Marex Group plc purchased a new position in AdvisorShares Pure US Cannabis ETF in the fourth quarter valued at about $32,568,000. Clear Street Group Inc. acquired a new position in shares of AdvisorShares Pure US Cannabis ETF during the third quarter worth about $32,633,000. Kingsview Wealth Management LLC acquired a new position in shares of AdvisorShares Pure US Cannabis ETF during the fourth quarter worth about $5,976,000. Finally, Group One Trading LLC boosted its position in shares of AdvisorShares Pure US Cannabis ETF by 153.4% in the second quarter. Group One Trading LLC now owns 1,264,841 shares of the company’s stock worth $3,048,000 after buying an additional 765,690 shares during the period.

AdvisorShares Pure US Cannabis ETF Stock Performance

MSOS opened at $4.89 on Friday. AdvisorShares Pure US Cannabis ETF has a twelve month low of $2.37 and a twelve month high of $7.25. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of 12.20 and a beta of 1.32. The company has a fifty day simple moving average of $4.89 and a 200 day simple moving average of $4.46.

AdvisorShares Pure US Cannabis ETF Company Profile

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.