Kingsview Wealth Management LLC purchased a new position in shares of AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS – Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,266,008 shares of the company’s stock, valued at approximately $5,976,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. AdvisorShares Investments LLC grew its stake in shares of AdvisorShares Pure US Cannabis ETF by 15.3% during the 3rd quarter. AdvisorShares Investments LLC now owns 3,759,593 shares of the company’s stock worth $18,008,000 after acquiring an additional 500,100 shares during the period. Rovida Advisors Inc. grew its stake in shares of AdvisorShares Pure US Cannabis ETF by 20.0% during the 3rd quarter. Rovida Advisors Inc. now owns 1,200,000 shares of the company’s stock worth $5,796,000 after acquiring an additional 200,000 shares during the period. Clear Street Group Inc. bought a new position in shares of AdvisorShares Pure US Cannabis ETF during the 3rd quarter worth $32,633,000. NewEdge Wealth LLC lifted its stake in shares of AdvisorShares Pure US Cannabis ETF by 858.6% during the 3rd quarter. NewEdge Wealth LLC now owns 500,271 shares of the company’s stock valued at $2,396,000 after buying an additional 448,084 shares in the last quarter. Finally, Simplicity Wealth LLC purchased a new stake in shares of AdvisorShares Pure US Cannabis ETF during the 4th quarter valued at approximately $769,000.
AdvisorShares Pure US Cannabis ETF Trading Down 3.9%
Shares of MSOS stock opened at $4.92 on Friday. The stock has a market capitalization of $1.02 billion, a P/E ratio of 12.20 and a beta of 1.35. The firm’s 50 day moving average is $4.33 and its 200 day moving average is $4.24. AdvisorShares Pure US Cannabis ETF has a 12 month low of $2.06 and a 12 month 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.
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