AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) Shares Sold by Gerber Kawasaki Wealth & Investment Management

Gerber Kawasaki Wealth & Investment Management cut its position in AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) by 43.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 27,207 shares of the company’s stock after selling 21,156 shares during the period. Gerber Kawasaki Wealth & Investment Management’s holdings in AdvisorShares Pure US Cannabis ETF were worth $155,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Compass Wealth Management LLC purchased a new position in AdvisorShares Pure US Cannabis ETF during the fourth quarter valued at approximately $45,000. Freestone Capital Holdings LLC purchased a new position in AdvisorShares Pure US Cannabis ETF during the first quarter valued at approximately $59,000. Equitable Holdings Inc. purchased a new position in AdvisorShares Pure US Cannabis ETF during the first quarter valued at approximately $221,000. Trexquant Investment LP purchased a new position in AdvisorShares Pure US Cannabis ETF during the third quarter valued at approximately $118,000. Finally, Cetera Advisor Networks LLC increased its position in shares of AdvisorShares Pure US Cannabis ETF by 9.2% in the first quarter. Cetera Advisor Networks LLC now owns 14,071 shares of the company’s stock valued at $294,000 after buying an additional 1,186 shares in the last quarter.

AdvisorShares Pure US Cannabis ETF Stock Performance

AdvisorShares Pure US Cannabis ETF stock opened at $8.30 on Monday. AdvisorShares Pure US Cannabis ETF has a 12 month low of $4.78 and a 12 month high of $14.60. The business has a 50 day simple moving average of $5.70 and a 200-day simple moving average of $5.72.

AdvisorShares Pure US Cannabis ETF 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.