Millennium Management LLC bought a new stake in AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS – Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 80,666 shares of the company’s stock, valued at approximately $307,000. Millennium Management LLC owned approximately 0.07% of AdvisorShares Pure US Cannabis ETF at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in MSOS. Sanctuary Advisors LLC bought a new position in AdvisorShares Pure US Cannabis ETF in the fourth quarter valued at $36,000. Cerity Partners LLC bought a new position in shares of AdvisorShares Pure US Cannabis ETF in the 4th quarter valued at about $40,000. One Plus One Wealth Management LLC bought a new position in shares of AdvisorShares Pure US Cannabis ETF in the 4th quarter valued at about $45,000. IHT Wealth Management LLC bought a new position in shares of AdvisorShares Pure US Cannabis ETF in the 4th quarter valued at about $52,000. Finally, Cary Street Partners Financial LLC bought a new position in shares of AdvisorShares Pure US Cannabis ETF in the 4th quarter valued at about $53,000.
AdvisorShares Pure US Cannabis ETF Price Performance
Shares of MSOS opened at $2.23 on Wednesday. The firm has a 50-day moving average of $2.51 and a 200-day moving average of $3.12. AdvisorShares Pure US Cannabis ETF has a one year low of $2.02 and a one year high of $8.20. The company has a market cap of $294.65 million, a PE ratio of 12.20 and a beta of 1.17.
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.
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