Signature Estate & Investment Advisors LLC Invests $188,000 in AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS)

Signature Estate & Investment Advisors LLC acquired a new position in shares of AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 25,716 shares of the company’s stock, valued at approximately $188,000.

A number of other hedge funds have also bought and sold shares of MSOS. Janney Montgomery Scott LLC increased its holdings in AdvisorShares Pure US Cannabis ETF by 517.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 193,524 shares of the company’s stock worth $1,357,000 after purchasing an additional 162,178 shares in the last quarter. Sequoia Financial Advisors LLC increased its stake in shares of AdvisorShares Pure US Cannabis ETF by 99.8% in the 1st quarter. Sequoia Financial Advisors LLC now owns 51,398 shares of the company’s stock valued at $514,000 after acquiring an additional 25,678 shares in the last quarter. National Bank of Canada FI lifted its position in shares of AdvisorShares Pure US Cannabis ETF by 155.0% during the 4th quarter. National Bank of Canada FI now owns 4,815 shares of the company’s stock valued at $33,000 after acquiring an additional 2,927 shares during the period. Biltmore Family Office LLC boosted its stake in AdvisorShares Pure US Cannabis ETF by 145.9% during the fourth quarter. Biltmore Family Office LLC now owns 390,777 shares of the company’s stock worth $2,739,000 after acquiring an additional 231,887 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its stake in AdvisorShares Pure US Cannabis ETF by 30.7% during the first quarter. Geneos Wealth Management Inc. now owns 141,504 shares of the company’s stock worth $1,416,000 after acquiring an additional 33,260 shares in the last quarter.

AdvisorShares Pure US Cannabis ETF Stock Performance

MSOS stock opened at $6.10 on Wednesday. The stock’s 50 day simple moving average is $7.33 and its 200 day simple moving average is $8.32. The company has a market cap of $706.99 million, a P/E ratio of 12.20 and a beta of 0.77. AdvisorShares Pure US Cannabis ETF has a fifty-two week low of $4.79 and a fifty-two 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.