Carrera Capital Advisors Has $560,000 Stock Holdings in AdvisorShares Pure US Cannabis ETF $MSOS

Carrera Capital Advisors lifted its stake in shares of AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) by 18.4% during the second quarter, Holdings Channel reports. The firm owned 232,543 shares of the company’s stock after purchasing an additional 36,061 shares during the quarter. Carrera Capital Advisors’ holdings in AdvisorShares Pure US Cannabis ETF were worth $560,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of MSOS. Janney Montgomery Scott LLC raised its position in shares of AdvisorShares Pure US Cannabis ETF by 34.4% during the first quarter. Janney Montgomery Scott LLC now owns 139,355 shares of the company’s stock worth $364,000 after purchasing an additional 35,686 shares during the period. Bleakley Financial Group LLC raised its position in shares of AdvisorShares Pure US Cannabis ETF by 26.0% during the first quarter. Bleakley Financial Group LLC now owns 446,935 shares of the company’s stock worth $1,167,000 after purchasing an additional 92,349 shares during the period. LJI Wealth Management LLC acquired a new stake in shares of AdvisorShares Pure US Cannabis ETF during the first quarter worth $27,000. PCG Wealth Advisors LLC raised its position in shares of AdvisorShares Pure US Cannabis ETF by 29.2% during the first quarter. PCG Wealth Advisors LLC now owns 81,433 shares of the company’s stock worth $213,000 after purchasing an additional 18,388 shares during the period. Finally, Proficio Capital Partners LLC raised its position in shares of AdvisorShares Pure US Cannabis ETF by 268.7% during the first quarter. Proficio Capital Partners LLC now owns 601,946 shares of the company’s stock worth $1,562,000 after purchasing an additional 438,677 shares during the period.

AdvisorShares Pure US Cannabis ETF Trading Up 1.3%

NYSEARCA:MSOS opened at $4.75 on Friday. The firm has a market capitalization of $894.09 million, a price-to-earnings ratio of 12.20 and a beta of 1.85. AdvisorShares Pure US Cannabis ETF has a 1-year low of $2.02 and a 1-year high of $7.64. The business’s fifty day moving average price is $4.88 and its 200 day moving average price is $3.46.

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.