Cedar Wealth Management LLC Has $406,000 Stock Position in AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS)

Cedar Wealth Management LLC lessened its position in shares of AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) by 12.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 56,632 shares of the company’s stock after selling 7,832 shares during the quarter. Cedar Wealth Management LLC’s holdings in AdvisorShares Pure US Cannabis ETF were worth $406,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of MSOS. Flagship Private Wealth LLC acquired a new stake in AdvisorShares Pure US Cannabis ETF during the second quarter worth $76,000. Sanctuary Advisors LLC acquired a new position in AdvisorShares Pure US Cannabis ETF in the second quarter worth about $79,000. Pallas Capital Advisors LLC bought a new position in AdvisorShares Pure US Cannabis ETF during the third quarter worth about $83,000. Canton Hathaway LLC acquired a new stake in AdvisorShares Pure US Cannabis ETF during the second quarter valued at approximately $154,000. Finally, Mesirow Financial Investment Management Inc. bought a new stake in shares of AdvisorShares Pure US Cannabis ETF in the 3rd quarter valued at approximately $163,000.

AdvisorShares Pure US Cannabis ETF Price Performance

Shares of MSOS stock opened at $4.68 on Wednesday. The stock’s fifty day simple moving average is $6.60 and its 200 day simple moving average is $7.25. AdvisorShares Pure US Cannabis ETF has a one year low of $4.00 and a one year high of $11.36. The firm has a market cap of $542.41 million, a price-to-earnings ratio of 12.20 and a beta of 0.77.

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.