AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) Shares Bought by Summit Trail Advisors LLC

Summit Trail Advisors LLC grew its stake in shares of AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) by 104.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 42,425 shares of the company’s stock after buying an additional 21,675 shares during the quarter. Summit Trail Advisors LLC’s holdings in AdvisorShares Pure US Cannabis ETF were worth $162,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of MSOS. Truist Financial Corp boosted 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 worth $277,000 after buying an additional 2,906 shares during the period. Sanctuary Advisors LLC acquired a new stake in AdvisorShares Pure US Cannabis ETF during the 2nd quarter worth about $79,000. Bleakley Financial Group LLC boosted its position in AdvisorShares Pure US Cannabis ETF by 11.1% during the 3rd quarter. Bleakley Financial Group LLC now owns 167,224 shares of the company’s stock worth $1,199,000 after acquiring an additional 16,647 shares during the period. Clear Harbor Asset Management LLC grew its stake in AdvisorShares Pure US Cannabis ETF by 26.7% during the 3rd quarter. Clear Harbor Asset Management LLC now owns 28,500 shares of the company’s stock valued at $204,000 after acquiring an additional 6,000 shares in the last quarter. Finally, Pallas Capital Advisors LLC acquired a new position in shares of AdvisorShares Pure US Cannabis ETF in the 3rd quarter valued at about $83,000.

AdvisorShares Pure US Cannabis ETF Price Performance

NYSEARCA MSOS opened at $3.60 on Friday. The company has a 50 day simple moving average of $3.64 and a 200-day simple moving average of $5.47. AdvisorShares Pure US Cannabis ETF has a 52-week low of $3.27 and a 52-week high of $11.36. The firm has a market capitalization of $417.24 million, a price-to-earnings ratio of 12.20 and a beta of 0.77.

AdvisorShares Pure US Cannabis ETF 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.