AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) Shares Acquired by Bleakley Financial Group LLC

Bleakley Financial Group LLC increased its holdings in shares of AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) by 11.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 167,224 shares of the company’s stock after buying an additional 16,647 shares during the period. Bleakley Financial Group LLC owned about 0.14% of AdvisorShares Pure US Cannabis ETF worth $1,199,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in MSOS. A. D. Beadell Investment Counsel Inc. increased its stake in shares of AdvisorShares Pure US Cannabis ETF by 88.1% in the 3rd quarter. A. D. Beadell Investment Counsel Inc. now owns 44,525 shares of the company’s stock worth $319,000 after acquiring an additional 20,850 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of AdvisorShares Pure US Cannabis ETF during the 2nd quarter worth about $79,000. Heritage Oak Wealth Advisors LLC acquired a new stake in shares of AdvisorShares Pure US Cannabis ETF during the 2nd quarter worth about $1,937,000. Truist Financial Corp increased its position in shares of AdvisorShares Pure US Cannabis ETF by 8.3% during the 2nd 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 last quarter. Finally, Murchinson Ltd. acquired a new stake in shares of AdvisorShares Pure US Cannabis ETF during the 2nd quarter worth about $11,721,000.

AdvisorShares Pure US Cannabis ETF Trading Up 0.7 %

Shares of NYSEARCA:MSOS opened at $7.17 on Monday. The business has a 50-day moving average price of $6.92 and a 200 day moving average price of $7.75. The company has a market capitalization of $831.00 million, a price-to-earnings ratio of 12.20 and a beta of 0.77. AdvisorShares Pure US Cannabis ETF has a 12-month low of $4.92 and a 12-month 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.