Florin Court Capital LLP Sells 143,700 Shares of AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS)

Florin Court Capital LLP trimmed its stake in shares of AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) by 86.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,698 shares of the company’s stock after selling 143,700 shares during the quarter. AdvisorShares Pure US Cannabis ETF comprises approximately 0.2% of Florin Court Capital LLP’s investment portfolio, making the stock its 27th biggest position. Florin Court Capital LLP’s holdings in AdvisorShares Pure US Cannabis ETF were worth $159,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. ORG Partners LLC boosted its holdings in shares of AdvisorShares Pure US Cannabis ETF by 113.0% during the 4th quarter. ORG Partners LLC now owns 3,623 shares of the company’s stock worth $25,000 after buying an additional 1,922 shares during the period. Canton Hathaway LLC acquired a new position in shares of AdvisorShares Pure US Cannabis ETF in the fourth quarter valued at approximately $56,000. PFS Partners LLC increased its stake in shares of AdvisorShares Pure US Cannabis ETF by 39.3% during the third quarter. PFS Partners LLC now owns 7,210 shares of the company’s stock worth $57,000 after purchasing an additional 2,035 shares during the period. Horrell Capital Management Inc. lifted its holdings in AdvisorShares Pure US Cannabis ETF by 44.4% during the 3rd quarter. Horrell Capital Management Inc. now owns 9,751 shares of the company’s stock worth $77,000 after purchasing an additional 3,000 shares during the last quarter. Finally, Wealth Advisors of Iowa LLC boosted its stake in AdvisorShares Pure US Cannabis ETF by 102.0% in the 3rd quarter. Wealth Advisors of Iowa LLC now owns 14,020 shares of the company’s stock valued at $111,000 after purchasing an additional 7,081 shares during the period.

AdvisorShares Pure US Cannabis ETF Trading Up 2.6 %

MSOS stock traded up $0.22 during trading hours on Friday, hitting $8.64. 3,138,573 shares of the stock were exchanged, compared to its average volume of 8,418,654. The company has a 50-day simple moving average of $9.07 and a two-hundred day simple moving average of $7.94. The firm has a market capitalization of $995.24 million, a P/E ratio of 12.20 and a beta of 1.17. AdvisorShares Pure US Cannabis ETF has a 12 month low of $4.78 and a 12 month high of $10.95.

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.