Hedges Asset Management LLC raised its holdings in shares of AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS – Free Report) by 153.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 54,500 shares of the company’s stock after acquiring an additional 33,000 shares during the period. Hedges Asset Management LLC’s holdings in AdvisorShares Pure US Cannabis ETF were worth $208,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Edge Wealth Management LLC bought a new stake in AdvisorShares Pure US Cannabis ETF in the fourth quarter valued at approximately $42,000. Sanctuary Advisors LLC bought a new stake in shares of AdvisorShares Pure US Cannabis ETF in the 2nd quarter valued at $79,000. Pallas Capital Advisors LLC acquired a new stake in AdvisorShares Pure US Cannabis ETF during the 3rd quarter worth $83,000. Mesirow Financial Investment Management Inc. bought a new position in AdvisorShares Pure US Cannabis ETF during the third quarter worth about $163,000. Finally, Horrell Capital Management Inc. grew its stake in AdvisorShares Pure US Cannabis ETF by 29.2% in the third quarter. Horrell Capital Management Inc. now owns 27,269 shares of the company’s stock valued at $196,000 after acquiring an additional 6,162 shares during the period.
AdvisorShares Pure US Cannabis ETF Price Performance
Shares of AdvisorShares Pure US Cannabis ETF stock opened at $3.36 on Friday. AdvisorShares Pure US Cannabis ETF has a 1 year low of $3.33 and a 1 year high of $11.36. The company has a market capitalization of $389.42 million, a P/E ratio of 12.20 and a beta of 0.77. The business has a 50-day moving average of $3.95 and a two-hundred day moving average of $5.89.
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.
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