AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) Shares Acquired by JW Asset Management LLC

JW Asset Management LLC boosted its holdings in shares of AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) by 31.4% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 1,093,369 shares of the company’s stock after buying an additional 261,086 shares during the period. AdvisorShares Pure US Cannabis ETF makes up approximately 3.5% of JW Asset Management LLC’s investment portfolio, making the stock its 6th largest position. JW Asset Management LLC’s holdings in AdvisorShares Pure US Cannabis ETF were worth $7,839,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Avantax Advisory Services Inc. increased its stake in AdvisorShares Pure US Cannabis ETF by 34.0% in the 1st quarter. Avantax Advisory Services Inc. now owns 31,855 shares of the company’s stock valued at $319,000 after buying an additional 8,085 shares during the period. Jane Street Group LLC increased its stake in shares of AdvisorShares Pure US Cannabis ETF by 57.3% in the first quarter. Jane Street Group LLC now owns 6,059,388 shares of the company’s stock worth $60,654,000 after acquiring an additional 2,206,686 shares during the last quarter. Tidal Investments LLC purchased a new stake in shares of AdvisorShares Pure US Cannabis ETF during the first quarter worth $1,875,000. Jaffetilchin Investment Partners LLC purchased a new stake in shares of AdvisorShares Pure US Cannabis ETF during the first quarter worth $3,239,000. Finally, Hamilton Wealth LLC acquired a new stake in AdvisorShares Pure US Cannabis ETF during the first quarter valued at $1,612,000.

AdvisorShares Pure US Cannabis ETF Price Performance

Shares of MSOS stock opened at $4.68 on Wednesday. AdvisorShares Pure US Cannabis ETF has a fifty-two week low of $4.00 and a fifty-two week high of $11.36. The stock’s 50-day moving average is $6.60 and its two-hundred day moving average is $7.25. The firm has a market cap of $542.41 million, a P/E ratio of 12.20 and a beta of 0.77.

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.