Stonegate Investment Group LLC Invests $124,000 in AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS)

Stonegate Investment Group LLC bought a new position in shares of AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 32,621 shares of the company’s stock, valued at approximately $124,000.

Several other hedge funds have also made changes to their positions in the business. Barclays PLC lifted its position in AdvisorShares Pure US Cannabis ETF by 69.9% in the third quarter. Barclays PLC now owns 42,602 shares of the company’s stock valued at $306,000 after purchasing an additional 17,521 shares during the period. Millennium Management LLC lifted its position in AdvisorShares Pure US Cannabis ETF by 5.2% in the second quarter. Millennium Management LLC now owns 694,881 shares of the company’s stock valued at $5,093,000 after purchasing an additional 34,147 shares during the period. Sanctuary Advisors LLC acquired a new stake in shares of AdvisorShares Pure US Cannabis ETF during the 2nd quarter valued at approximately $79,000. Wedmont Private Capital lifted its position in shares of AdvisorShares Pure US Cannabis ETF by 165.1% during the 4th quarter. Wedmont Private Capital now owns 57,049 shares of the company’s stock valued at $201,000 after acquiring an additional 35,529 shares during the period. Finally, Pallas Capital Advisors LLC acquired a new stake in shares of AdvisorShares Pure US Cannabis ETF during the 3rd quarter valued at approximately $83,000.

AdvisorShares Pure US Cannabis ETF Trading Down 1.5 %

MSOS stock opened at $3.35 on Thursday. The firm has a 50 day moving average of $3.84 and a 200-day moving average of $5.77. AdvisorShares Pure US Cannabis ETF has a 12-month low of $3.33 and a 12-month high of $11.36. The company has a market cap of $388.27 million, a price-to-earnings 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.