ArchPoint Investors lessened its holdings in AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS – Free Report) by 21.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 29,150 shares of the company’s stock after selling 7,900 shares during the period. ArchPoint Investors’ holdings in AdvisorShares Pure US Cannabis ETF were worth $111,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in MSOS. Sanctuary Advisors LLC bought a new position in AdvisorShares Pure US Cannabis ETF in the fourth quarter worth approximately $36,000. Cerity Partners LLC bought a new position in AdvisorShares Pure US Cannabis ETF in the 4th quarter worth $40,000. Edge Wealth Management LLC bought a new position in AdvisorShares Pure US Cannabis ETF in the 4th quarter worth $42,000. One Plus One Wealth Management LLC purchased a new position in AdvisorShares Pure US Cannabis ETF during the fourth quarter valued at $45,000. Finally, Perigon Wealth Management LLC bought a new stake in AdvisorShares Pure US Cannabis ETF during the fourth quarter valued at about $66,000.
AdvisorShares Pure US Cannabis ETF Stock Down 7.7 %
NYSEARCA MSOS opened at $2.16 on Monday. AdvisorShares Pure US Cannabis ETF has a 52 week low of $2.08 and a 52 week high of $11.37. The company has a market capitalization of $291.23 million, a P/E ratio of 12.20 and a beta of 1.33. The stock’s 50-day moving average price is $3.05 and its 200-day moving average price is $4.42.
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.
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