Perigon Wealth Management LLC Acquires Shares of 17,301 AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS)

Perigon Wealth Management LLC bought a new stake in shares of AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 17,301 shares of the company’s stock, valued at approximately $66,000.

Several other hedge funds have also recently made changes to their positions in MSOS. Truist Financial Corp lifted its position in shares of AdvisorShares Pure US Cannabis ETF by 8.3% in the second quarter. Truist Financial Corp now owns 37,728 shares of the company’s stock valued at $277,000 after acquiring an additional 2,906 shares in the last quarter. Clear Harbor Asset Management LLC boosted its holdings in shares of AdvisorShares Pure US Cannabis ETF by 26.7% in the third quarter. Clear Harbor Asset Management LLC now owns 28,500 shares of the company’s stock valued at $204,000 after purchasing an additional 6,000 shares during the period. Horrell Capital Management Inc. boosted its holdings in shares of AdvisorShares Pure US Cannabis ETF by 29.2% in the third quarter. Horrell Capital Management Inc. now owns 27,269 shares of the company’s stock valued at $196,000 after purchasing an additional 6,162 shares during the period. Sanctuary Advisors LLC purchased a new stake in AdvisorShares Pure US Cannabis ETF during the second quarter worth $79,000. Finally, Pallas Capital Advisors LLC purchased a new stake in AdvisorShares Pure US Cannabis ETF during the third quarter worth $83,000.

AdvisorShares Pure US Cannabis ETF Stock Performance

Shares of MSOS opened at $3.40 on Tuesday. AdvisorShares Pure US Cannabis ETF has a 12 month low of $3.27 and a 12 month high of $11.36. The stock has a fifty day moving average price of $3.78 and a 200-day moving average price of $5.67. The firm has a market cap of $394.06 million, a PE ratio of 12.20 and a beta of 0.77.

About AdvisorShares Pure US Cannabis ETF

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.