Carrera Capital Advisors bought a new position in AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS – Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 263,199 shares of the company’s stock, valued at approximately $1,003,000.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Truist Financial Corp lifted its stake in AdvisorShares Pure US Cannabis ETF by 30.0% during the 4th quarter. Truist Financial Corp now owns 26,865 shares of the company’s stock valued at $102,000 after acquiring an additional 6,195 shares during the period. Sanctuary Advisors LLC bought a new position in AdvisorShares Pure US Cannabis ETF during the fourth quarter valued at approximately $36,000. Edge Wealth Management LLC bought a new position in AdvisorShares Pure US Cannabis ETF during the fourth quarter valued at approximately $42,000. One Plus One Wealth Management LLC purchased a new stake in AdvisorShares Pure US Cannabis ETF in the fourth quarter worth approximately $45,000. Finally, Perigon Wealth Management LLC bought a new stake in AdvisorShares Pure US Cannabis ETF in the 4th quarter worth approximately $66,000.
AdvisorShares Pure US Cannabis ETF Price Performance
NYSEARCA MSOS opened at $2.78 on Wednesday. The stock has a market capitalization of $380.39 million, a price-to-earnings ratio of 12.20 and a beta of 1.29. AdvisorShares Pure US Cannabis ETF has a 1-year low of $2.75 and a 1-year high of $11.36. The business’s fifty day moving average price is $3.49 and its 200-day moving average price is $5.08.
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.
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