Cambridge Investment Research Advisors Inc. Sells 5,823 Shares of AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS)

Cambridge Investment Research Advisors Inc. decreased its stake in AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) by 14.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,761 shares of the company’s stock after selling 5,823 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in AdvisorShares Pure US Cannabis ETF were worth $88,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of MSOS. Simplex Trading LLC grew its stake in shares of AdvisorShares Pure US Cannabis ETF by 172.3% in the fourth quarter. Simplex Trading LLC now owns 853,495 shares of the company’s stock worth $3,251,000 after acquiring an additional 540,009 shares during the last quarter. LPL Financial LLC grew its stake in shares of AdvisorShares Pure US Cannabis ETF by 43.0% in the fourth quarter. LPL Financial LLC now owns 616,936 shares of the company’s stock worth $2,351,000 after acquiring an additional 185,575 shares during the last quarter. Rovida Advisors Inc. grew its stake in shares of AdvisorShares Pure US Cannabis ETF by 400.0% in the fourth quarter. Rovida Advisors Inc. now owns 1,000,000 shares of the company’s stock worth $3,790,000 after acquiring an additional 800,000 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of AdvisorShares Pure US Cannabis ETF by 10,570.2% in the fourth quarter. JPMorgan Chase & Co. now owns 25,075 shares of the company’s stock worth $96,000 after acquiring an additional 24,840 shares during the last quarter. Finally, Cerity Partners LLC acquired a new stake in shares of AdvisorShares Pure US Cannabis ETF in the fourth quarter worth $40,000.

AdvisorShares Pure US Cannabis ETF Price Performance

MSOS opened at $2.84 on Tuesday. AdvisorShares Pure US Cannabis ETF has a fifty-two week low of $2.02 and a fifty-two week high of $8.19. The firm’s fifty day moving average price is $2.47 and its two-hundred day moving average price is $2.84. The company has a market capitalization of $379.64 million, a P/E ratio of 12.20 and a beta of 1.85.

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.