ArchPoint Investors Sells 7,900 Shares of AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS)

ArchPoint Investors cut its stake in AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) by 21.3% during the fourth quarter, HoldingsChannel reports. The fund owned 29,150 shares of the company’s stock after selling 7,900 shares during the quarter. ArchPoint Investors’ holdings in AdvisorShares Pure US Cannabis ETF were worth $111,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in MSOS. Barclays PLC lifted its position in AdvisorShares Pure US Cannabis ETF by 69.9% during the third quarter. Barclays PLC now owns 42,602 shares of the company’s stock valued at $306,000 after acquiring an additional 17,521 shares during the last quarter. Sender Co & Partners Inc. increased its position in shares of AdvisorShares Pure US Cannabis ETF by 3,714.9% during the third quarter. Sender Co & Partners Inc. now owns 809,590 shares of the company’s stock worth $5,805,000 after purchasing an additional 788,368 shares in the last quarter. Wedmont Private Capital lifted its holdings in shares of AdvisorShares Pure US Cannabis ETF by 165.1% during the 4th quarter. Wedmont Private Capital now owns 57,049 shares of the company’s stock valued at $201,000 after purchasing an additional 35,529 shares during the last quarter. Edge Wealth Management LLC acquired a new stake in shares of AdvisorShares Pure US Cannabis ETF in the 4th quarter worth $42,000. Finally, Janney Montgomery Scott LLC grew its stake in AdvisorShares Pure US Cannabis ETF by 24.5% during the 4th quarter. Janney Montgomery Scott LLC now owns 103,669 shares of the company’s stock worth $395,000 after buying an additional 20,374 shares during the last quarter.

AdvisorShares Pure US Cannabis ETF Price Performance

Shares of NYSEARCA:MSOS opened at $2.16 on Monday. The business’s 50-day moving average is $3.05 and its 200 day moving average is $4.42. AdvisorShares Pure US Cannabis ETF has a 1 year low of $2.08 and a 1 year high of $11.37. The firm has a market capitalization of $291.23 million, a P/E ratio of 12.20 and a beta of 1.33.

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.