20,095 Shares in AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) Acquired by Foundations Investment Advisors LLC

Foundations Investment Advisors 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 SEC. The fund bought 20,095 shares of the company’s stock, valued at approximately $77,000.

Other hedge funds also recently modified their holdings of the company. Edge Wealth Management LLC acquired a new position in AdvisorShares Pure US Cannabis ETF in the 4th quarter valued at approximately $42,000. Sanctuary Advisors LLC purchased a new stake in shares of AdvisorShares Pure US Cannabis ETF during the second quarter worth $79,000. Pallas Capital Advisors LLC acquired a new stake in AdvisorShares Pure US Cannabis ETF during the third quarter valued at $83,000. Mesirow Financial Investment Management Inc. purchased a new position in AdvisorShares Pure US Cannabis ETF in the third quarter valued at about $163,000. Finally, Horrell Capital Management Inc. increased its position in AdvisorShares Pure US Cannabis ETF by 29.2% in the 3rd quarter. Horrell Capital Management Inc. now owns 27,269 shares of the company’s stock worth $196,000 after purchasing an additional 6,162 shares during the last quarter.

AdvisorShares Pure US Cannabis ETF Price Performance

Shares of AdvisorShares Pure US Cannabis ETF stock opened at $3.40 on Friday. The firm has a market cap of $394.06 million, a price-to-earnings ratio of 12.20 and a beta of 0.77. The stock has a 50-day simple moving average of $3.80 and a 200-day simple moving average of $5.71. AdvisorShares Pure US Cannabis ETF has a 52-week low of $3.33 and a 52-week 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.