AdvisorShares Pure US Cannabis ETF $MSOS Stake Raised by AdvisorShares Investments LLC

AdvisorShares Investments LLC grew its stake in shares of AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) by 8.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 4,060,551 shares of the company’s stock after acquiring an additional 300,958 shares during the period. AdvisorShares Pure US Cannabis ETF makes up approximately 3.2% of AdvisorShares Investments LLC’s portfolio, making the stock its 4th largest position. AdvisorShares Investments LLC’s holdings in AdvisorShares Pure US Cannabis ETF were worth $19,166,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Kingsview Wealth Management LLC purchased a new stake in shares of AdvisorShares Pure US Cannabis ETF during the 4th quarter worth $5,976,000. Advisory Alpha LLC purchased a new stake in shares of AdvisorShares Pure US Cannabis ETF during the 4th quarter worth $53,000. JW Asset Management LLC purchased a new stake in shares of AdvisorShares Pure US Cannabis ETF during the 4th quarter worth $142,000. HighTower Advisors LLC boosted its position in shares of AdvisorShares Pure US Cannabis ETF by 51.7% during the 4th quarter. HighTower Advisors LLC now owns 75,405 shares of the company’s stock worth $356,000 after purchasing an additional 25,689 shares in the last quarter. Finally, NewEdge Wealth LLC boosted its position in shares of AdvisorShares Pure US Cannabis ETF by 82.0% during the 4th quarter. NewEdge Wealth LLC now owns 910,458 shares of the company’s stock worth $4,297,000 after purchasing an additional 410,187 shares in the last quarter.

AdvisorShares Pure US Cannabis ETF Stock Performance

Shares of NYSEARCA MSOS opened at $4.92 on Friday. AdvisorShares Pure US Cannabis ETF has a one year low of $2.06 and a one year high of $7.25. The company’s fifty day moving average is $4.33 and its two-hundred day moving average is $4.24. The firm has a market capitalization of $1.02 billion, a P/E ratio of 12.20 and a beta of 1.35.

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.