AdvisorShares Investments LLC Raises Stock Position in AdvisorShares Pure US Cannabis ETF $MSOS

AdvisorShares Investments LLC grew its position in AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) by 15.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,759,593 shares of the company’s stock after purchasing an additional 500,100 shares during the period. AdvisorShares Pure US Cannabis ETF makes up approximately 2.9% of AdvisorShares Investments LLC’s holdings, making the stock its 5th biggest position. AdvisorShares Investments LLC owned 2.00% of AdvisorShares Pure US Cannabis ETF worth $18,008,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in MSOS. Ameritas Advisory Services LLC acquired a new position in shares of AdvisorShares Pure US Cannabis ETF during the second quarter worth approximately $28,000. Stratos Wealth Partners LTD. bought a new stake in AdvisorShares Pure US Cannabis ETF during the 2nd quarter valued at $29,000. Raymond James Financial Inc. acquired a new position in AdvisorShares Pure US Cannabis ETF during the 2nd quarter worth $30,000. PFS Partners LLC boosted its position in AdvisorShares Pure US Cannabis ETF by 31.3% during the 3rd quarter. PFS Partners LLC now owns 8,380 shares of the company’s stock worth $40,000 after acquiring an additional 2,000 shares during the period. Finally, Gainplan LLC bought a new position in shares of AdvisorShares Pure US Cannabis ETF in the third quarter worth $55,000.

AdvisorShares Pure US Cannabis ETF Stock Up 4.8%

Shares of NYSEARCA MSOS opened at $4.16 on Friday. The stock has a market cap of $817.32 million, a P/E ratio of 12.20 and a beta of 1.20. The firm’s 50-day simple moving average is $4.55 and its 200 day simple moving average is $4.43. AdvisorShares Pure US Cannabis ETF has a fifty-two week low of $2.02 and a fifty-two week high of $7.25.

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.