Geneos Wealth Management Inc. Decreases Stock Position in AdvisorShares Pure US Cannabis ETF $MSOS

Geneos Wealth Management Inc. lessened its stake in shares of AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) by 5.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 119,264 shares of the company’s stock after selling 6,640 shares during the quarter. Geneos Wealth Management Inc. owned about 0.09% of AdvisorShares Pure US Cannabis ETF worth $311,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Graham Capital Management L.P. bought a new position in AdvisorShares Pure US Cannabis ETF in the fourth quarter valued at about $177,000. Millennium Management LLC purchased a new stake in shares of AdvisorShares Pure US Cannabis ETF during the 4th quarter valued at about $307,000. CSS LLC IL increased its position in shares of AdvisorShares Pure US Cannabis ETF by 432.4% during the 4th quarter. CSS LLC IL now owns 118,200 shares of the company’s stock valued at $450,000 after purchasing an additional 96,000 shares during the last quarter. Northside Capital Management LLC lifted its stake in shares of AdvisorShares Pure US Cannabis ETF by 61.5% in the 1st quarter. Northside Capital Management LLC now owns 32,290 shares of the company’s stock worth $84,000 after purchasing an additional 12,290 shares during the period. Finally, First City Capital Management Inc. purchased a new position in shares of AdvisorShares Pure US Cannabis ETF in the first quarter worth approximately $42,000.

AdvisorShares Pure US Cannabis ETF Trading Down 1.7%

Shares of NYSEARCA:MSOS opened at $4.13 on Tuesday. The stock has a 50 day moving average of $3.96 and a 200 day moving average of $3.02. The company has a market cap of $585.14 million, a PE ratio of 12.20 and a beta of 1.85. AdvisorShares Pure US Cannabis ETF has a 12-month low of $2.02 and a 12-month high of $7.92.

AdvisorShares Pure US Cannabis ETF Company 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.