Commonwealth Equity Services LLC Cuts Stake in AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS)

Commonwealth Equity Services LLC cut its holdings in shares of AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) by 2.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 221,377 shares of the company’s stock after selling 5,683 shares during the quarter. Commonwealth Equity Services LLC owned 0.19% of AdvisorShares Pure US Cannabis ETF worth $843,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Murchinson Ltd. increased its position in shares of AdvisorShares Pure US Cannabis ETF by 18.8% during the third quarter. Murchinson Ltd. now owns 1,899,800 shares of the company’s stock worth $13,619,000 after acquiring an additional 300,800 shares during the period. NewEdge Wealth LLC grew its stake in AdvisorShares Pure US Cannabis ETF by 2,277.9% during the 4th quarter. NewEdge Wealth LLC now owns 853,858 shares of the company’s stock worth $3,253,000 after purchasing an additional 817,950 shares in the last quarter. Sender Co & Partners Inc. increased its holdings in AdvisorShares Pure US Cannabis ETF by 3,714.9% during the 3rd quarter. Sender Co & Partners Inc. now owns 809,590 shares of the company’s stock worth $5,805,000 after purchasing an additional 788,368 shares during the period. Proficio Capital Partners LLC raised its position in AdvisorShares Pure US Cannabis ETF by 102.4% in the 4th quarter. Proficio Capital Partners LLC now owns 606,549 shares of the company’s stock valued at $2,311,000 after purchasing an additional 306,808 shares in the last quarter. Finally, Bleakley Financial Group LLC boosted its stake in shares of AdvisorShares Pure US Cannabis ETF by 112.0% in the 4th quarter. Bleakley Financial Group LLC now owns 354,586 shares of the company’s stock valued at $1,351,000 after buying an additional 187,362 shares during the period.

AdvisorShares Pure US Cannabis ETF Stock Performance

Shares of AdvisorShares Pure US Cannabis ETF stock opened at $2.59 on Wednesday. The business has a 50-day simple moving average of $3.11 and a 200-day simple moving average of $4.52. AdvisorShares Pure US Cannabis ETF has a one year low of $2.40 and a one year high of $11.37. The company has a market cap of $349.21 million, a PE ratio of 12.20 and a beta of 1.33.

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.