Pekin Hardy Strauss Inc. Cuts Stake in AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS)

Pekin Hardy Strauss Inc. trimmed its position in shares of AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) by 27.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 101,399 shares of the company’s stock after selling 39,205 shares during the quarter. Pekin Hardy Strauss Inc.’s holdings in AdvisorShares Pure US Cannabis ETF were worth $711,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Commonwealth Equity Services LLC boosted its holdings in shares of AdvisorShares Pure US Cannabis ETF by 22.5% during the 3rd quarter. Commonwealth Equity Services LLC now owns 209,691 shares of the company’s stock valued at $1,665,000 after acquiring an additional 38,581 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of AdvisorShares Pure US Cannabis ETF by 11.1% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 50,280 shares of the company’s stock valued at $399,000 after acquiring an additional 5,025 shares during the last quarter. Horrell Capital Management Inc. boosted its holdings in shares of 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 valued at $77,000 after acquiring an additional 3,000 shares during the last quarter. Simplex Trading LLC boosted its holdings in shares of AdvisorShares Pure US Cannabis ETF by 284.3% during the 3rd quarter. Simplex Trading LLC now owns 445,055 shares of the company’s stock valued at $3,533,000 after acquiring an additional 329,232 shares during the last quarter. Finally, Florin Court Capital LLP purchased a new stake in shares of AdvisorShares Pure US Cannabis ETF during the 3rd quarter valued at about $1,321,000.

AdvisorShares Pure US Cannabis ETF Stock Up 25.4 %

Shares of NYSEARCA MSOS opened at $11.31 on Wednesday. The company has a market cap of $1.30 billion, a PE ratio of 12.20 and a beta of 1.17. The firm’s 50-day moving average price is $9.07 and its 200-day moving average price is $7.98. AdvisorShares Pure US Cannabis ETF has a 52-week low of $4.78 and a 52-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.