Cary Street Partners Financial LLC Purchases New Holdings in AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS)

Cary Street Partners Financial LLC acquired a new position in AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 14,011 shares of the company’s stock, valued at approximately $53,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of MSOS. Sanctuary Advisors LLC purchased a new position in shares of AdvisorShares Pure US Cannabis ETF in the 4th quarter worth about $36,000. Cerity Partners LLC bought a new stake in AdvisorShares Pure US Cannabis ETF during the 4th quarter valued at about $40,000. Edge Wealth Management LLC purchased a new position in AdvisorShares Pure US Cannabis ETF in the fourth quarter worth about $42,000. One Plus One Wealth Management LLC purchased a new position in AdvisorShares Pure US Cannabis ETF in the fourth quarter worth about $45,000. Finally, IHT Wealth Management LLC bought a new position in shares of AdvisorShares Pure US Cannabis ETF in the fourth quarter worth approximately $52,000.

AdvisorShares Pure US Cannabis ETF Stock Down 5.5%

Shares of NYSEARCA MSOS opened at $2.60 on Monday. The firm has a market cap of $343.54 million, a P/E ratio of 12.20 and a beta of 1.33. AdvisorShares Pure US Cannabis ETF has a twelve month low of $2.02 and a twelve month high of $10.50. The company has a 50 day moving average of $2.59 and a 200 day moving average of $3.58.

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.