Stonegate Investment Group LLC Makes New $124,000 Investment in AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS)

Stonegate Investment Group LLC bought a new position in shares of AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 32,621 shares of the company’s stock, valued at approximately $124,000.

Other hedge funds also recently bought and sold shares of the company. Millennium Management LLC lifted its position in shares of AdvisorShares Pure US Cannabis ETF by 5.2% during the second quarter. Millennium Management LLC now owns 694,881 shares of the company’s stock worth $5,093,000 after purchasing an additional 34,147 shares in the last quarter. Truist Financial Corp raised its holdings in AdvisorShares Pure US Cannabis ETF by 8.3% in the second quarter. Truist Financial Corp now owns 37,728 shares of the company’s stock valued at $277,000 after acquiring an additional 2,906 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in AdvisorShares Pure US Cannabis ETF in the second quarter valued at approximately $79,000. A. D. Beadell Investment Counsel Inc. raised its holdings in AdvisorShares Pure US Cannabis ETF by 88.1% in the third quarter. A. D. Beadell Investment Counsel Inc. now owns 44,525 shares of the company’s stock valued at $319,000 after acquiring an additional 20,850 shares in the last quarter. Finally, Bleakley Financial Group LLC raised its holdings in AdvisorShares Pure US Cannabis ETF by 11.1% in the third quarter. Bleakley Financial Group LLC now owns 167,224 shares of the company’s stock valued at $1,199,000 after acquiring an additional 16,647 shares in the last quarter.

AdvisorShares Pure US Cannabis ETF Stock Down 1.5 %

Shares of NYSEARCA:MSOS opened at $3.35 on Thursday. The firm’s 50 day moving average price is $3.84 and its 200 day moving average price is $5.77. The stock has a market cap of $388.27 million, a price-to-earnings ratio of 12.20 and a beta of 0.77. AdvisorShares Pure US Cannabis ETF has a fifty-two week low of $3.33 and a fifty-two week high of $11.36.

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.