Concorde Asset Management LLC Has $839,000 Stock Holdings in AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS)

Concorde Asset Management LLC trimmed its holdings in shares of AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) by 7.9% in the second quarter, according to its most recent filing with the SEC. The firm owned 114,436 shares of the company’s stock after selling 9,830 shares during the period. Concorde Asset Management LLC owned approximately 0.10% of AdvisorShares Pure US Cannabis ETF worth $839,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Thompson Siegel & Walmsley LLC lifted its position in shares of AdvisorShares Pure US Cannabis ETF by 88.0% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 64,117 shares of the company’s stock worth $470,000 after buying an additional 30,010 shares during the period. Commonwealth Equity Services LLC boosted its stake in shares of AdvisorShares Pure US Cannabis ETF by 3.2% in the 2nd quarter. Commonwealth Equity Services LLC now owns 218,084 shares of the company’s stock valued at $1,599,000 after purchasing an additional 6,758 shares in the last quarter. Fortis Group Advisors LLC grew its holdings in shares of AdvisorShares Pure US Cannabis ETF by 57.3% in the 2nd quarter. Fortis Group Advisors LLC now owns 27,204 shares of the company’s stock worth $199,000 after purchasing an additional 9,912 shares during the last quarter. Jaffetilchin Investment Partners LLC increased its position in shares of AdvisorShares Pure US Cannabis ETF by 2.5% during the 2nd quarter. Jaffetilchin Investment Partners LLC now owns 331,786 shares of the company’s stock worth $2,432,000 after purchasing an additional 8,223 shares in the last quarter. Finally, Signature Estate & Investment Advisors LLC bought a new position in AdvisorShares Pure US Cannabis ETF during the 2nd quarter valued at about $188,000.

AdvisorShares Pure US Cannabis ETF Trading Down 1.3 %

Shares of AdvisorShares Pure US Cannabis ETF stock opened at $6.81 on Thursday. The stock has a market capitalization of $789.28 million, a price-to-earnings ratio of 12.20 and a beta of 0.77. The firm’s 50-day moving average price is $7.10 and its two-hundred day moving average price is $8.07. AdvisorShares Pure US Cannabis ETF has a 1-year low of $4.92 and a 1-year high of $11.36.

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.