NewEdge Wealth LLC increased its position in shares of AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS – Free Report) by 82.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 910,458 shares of the company’s stock after buying an additional 410,187 shares during the period. NewEdge Wealth LLC’s holdings in AdvisorShares Pure US Cannabis ETF were worth $4,297,000 as of its most recent filing with the SEC.
A number of other large investors also recently added to or reduced their stakes in the stock. Evergreen Capital Management LLC raised its position in AdvisorShares Pure US Cannabis ETF by 2.5% during the second quarter. Evergreen Capital Management LLC now owns 123,040 shares of the company’s stock worth $297,000 after acquiring an additional 3,000 shares during the period. Envestnet Asset Management Inc. raised its position in AdvisorShares Pure US Cannabis ETF by 18.3% during the second quarter. Envestnet Asset Management Inc. now owns 24,397 shares of the company’s stock worth $59,000 after acquiring an additional 3,777 shares during the period. Stratos Wealth Partners LTD. raised its position in AdvisorShares Pure US Cannabis ETF by 72.3% during the third quarter. Stratos Wealth Partners LTD. now owns 20,705 shares of the company’s stock worth $99,000 after acquiring an additional 8,685 shares during the period. Verdence Capital Advisors LLC acquired a new position in AdvisorShares Pure US Cannabis ETF during the fourth quarter worth $48,000. Finally, Main Street Group LTD acquired a new position in AdvisorShares Pure US Cannabis ETF during the fourth quarter worth $49,000.
AdvisorShares Pure US Cannabis ETF Stock Performance
NYSEARCA:MSOS opened at $5.06 on Tuesday. The company has a fifty day moving average of $4.09 and a two-hundred day moving average of $4.21. The stock has a market capitalization of $1.05 billion, a PE ratio of 12.20 and a beta of 1.35. AdvisorShares Pure US Cannabis ETF has a fifty-two week low of $2.06 and a fifty-two week high of $7.25.
AdvisorShares Pure US Cannabis ETF Company 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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