Cedar Wealth Management LLC Has $406,000 Stake in AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS)

Cedar Wealth Management LLC lowered its position in AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) by 12.1% in the third quarter, HoldingsChannel.com reports. The fund owned 56,632 shares of the company’s stock after selling 7,832 shares during the quarter. Cedar Wealth Management LLC’s holdings in AdvisorShares Pure US Cannabis ETF were worth $406,000 at the end of the most recent reporting period.

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

AdvisorShares Pure US Cannabis ETF Stock Performance

NYSEARCA MSOS opened at $4.68 on Wednesday. The stock has a market capitalization of $542.41 million, a P/E ratio of 12.20 and a beta of 0.77. AdvisorShares Pure US Cannabis ETF has a 52 week low of $4.00 and a 52 week high of $11.36. The stock has a fifty day moving average of $6.60 and a 200-day moving average of $7.25.

AdvisorShares Pure US Cannabis ETF 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.