NewEdge Wealth LLC Has $651,000 Stock Position in AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS)

NewEdge Wealth LLC raised its stake in AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) by 784.2% in the 4th quarter, HoldingsChannel reports. The fund owned 92,838 shares of the company’s stock after buying an additional 82,338 shares during the quarter. NewEdge Wealth LLC’s holdings in AdvisorShares Pure US Cannabis ETF were worth $651,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of MSOS. Cetera Advisor Networks LLC lifted its stake in shares of AdvisorShares Pure US Cannabis ETF by 9.2% during the first quarter. Cetera Advisor Networks LLC now owns 14,071 shares of the company’s stock valued at $294,000 after acquiring an additional 1,186 shares during the period. PFS Partners LLC raised its holdings in AdvisorShares Pure US Cannabis ETF by 39.3% during the 3rd quarter. PFS Partners LLC now owns 7,210 shares of the company’s stock worth $57,000 after purchasing an additional 2,035 shares during the last quarter. Apexium Financial LP lifted its position in AdvisorShares Pure US Cannabis ETF by 5.0% during the 4th quarter. Apexium Financial LP now owns 46,211 shares of the company’s stock valued at $323,000 after purchasing an additional 2,203 shares during the period. Barclays PLC boosted its stake in shares of AdvisorShares Pure US Cannabis ETF by 9.0% in the 4th quarter. Barclays PLC now owns 27,807 shares of the company’s stock valued at $195,000 after purchasing an additional 2,300 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in shares of AdvisorShares Pure US Cannabis ETF by 8.1% in the 3rd quarter. Janney Montgomery Scott LLC now owns 31,346 shares of the company’s stock valued at $249,000 after purchasing an additional 2,336 shares during the last quarter.

AdvisorShares Pure US Cannabis ETF Price Performance

MSOS opened at $8.96 on Wednesday. The firm has a 50 day simple moving average of $9.12 and a 200 day simple moving average of $7.87. AdvisorShares Pure US Cannabis ETF has a fifty-two week low of $4.78 and a fifty-two week high of $10.95. The company has a market cap of $1.03 billion, a price-to-earnings ratio of 12.20 and a beta of 1.17.

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.