Hedges Asset Management LLC Buys 33,000 Shares of AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS)

Hedges Asset Management LLC raised its stake in AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) by 153.5% in the fourth quarter, Holdings Channel reports. The firm owned 54,500 shares of the company’s stock after acquiring an additional 33,000 shares during the quarter. Hedges Asset Management LLC’s holdings in AdvisorShares Pure US Cannabis ETF were worth $208,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Millennium Management LLC raised its position in AdvisorShares Pure US Cannabis ETF by 5.2% during the second quarter. Millennium Management LLC now owns 694,881 shares of the company’s stock worth $5,093,000 after acquiring an additional 34,147 shares in the last quarter. Lighthouse Investment Partners LLC raised its holdings in shares of AdvisorShares Pure US Cannabis ETF by 10.3% in the 2nd quarter. Lighthouse Investment Partners LLC now owns 587,067 shares of the company’s stock valued at $4,303,000 after purchasing an additional 55,000 shares during the period. Murchinson Ltd. acquired a new stake in AdvisorShares Pure US Cannabis ETF in the 2nd quarter valued at about $11,721,000. Truist Financial Corp grew its holdings in AdvisorShares Pure US Cannabis ETF by 8.3% during the second quarter. Truist Financial Corp now owns 37,728 shares of the company’s stock worth $277,000 after purchasing an additional 2,906 shares during the period. Finally, Heritage Oak Wealth Advisors LLC acquired a new position in AdvisorShares Pure US Cannabis ETF during the second quarter worth approximately $1,937,000.

AdvisorShares Pure US Cannabis ETF Stock Down 0.9 %

NYSEARCA:MSOS opened at $3.36 on Friday. AdvisorShares Pure US Cannabis ETF has a 12-month low of $3.33 and a 12-month high of $11.36. The stock’s 50 day moving average price is $3.95 and its two-hundred day moving average price is $5.89. The firm has a market capitalization of $389.42 million, a price-to-earnings ratio of 12.20 and a beta of 0.77.

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.