Eschler Asset Management LLP Increases Holdings in AdvisorShares Pure US Cannabis ETF $MSOS

Eschler Asset Management LLP lifted its holdings in AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) by 243.8% in the 4th quarter, Holdings Channel reports. The firm owned 296,784 shares of the company’s stock after acquiring an additional 210,456 shares during the period. AdvisorShares Pure US Cannabis ETF accounts for 0.9% of Eschler Asset Management LLP’s portfolio, making the stock its 22nd biggest holding. Eschler Asset Management LLP’s holdings in AdvisorShares Pure US Cannabis ETF were worth $1,401,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Kestra Advisory Services LLC purchased a new position in shares of AdvisorShares Pure US Cannabis ETF in the fourth quarter worth $36,000. Verdence Capital Advisors LLC purchased a new position in shares of AdvisorShares Pure US Cannabis ETF in the fourth quarter worth $48,000. Main Street Group LTD purchased a new position in shares of AdvisorShares Pure US Cannabis ETF in the fourth quarter worth $49,000. Federation des caisses Desjardins du Quebec raised its stake in shares of AdvisorShares Pure US Cannabis ETF by 58.9% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 10,790 shares of the company’s stock worth $49,000 after purchasing an additional 4,000 shares during the last quarter. Finally, Advisory Alpha LLC purchased a new position in shares of AdvisorShares Pure US Cannabis ETF in the fourth quarter worth $53,000.

AdvisorShares Pure US Cannabis ETF Price Performance

MSOS stock opened at $5.04 on Friday. AdvisorShares Pure US Cannabis ETF has a 1-year low of $2.06 and a 1-year high of $7.25. The business has a fifty day moving average price of $4.66 and a 200-day moving average price of $4.35. The stock has a market capitalization of $1.05 billion, a P/E ratio of 12.20 and a beta of 1.32.

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.