Compass Financial Management LLC Takes $3.27 Million Position in AdvisorShares Pure US Cannabis ETF $MSOS

Compass Financial Management LLC bought a new stake in shares of AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 644,107 shares of the company’s stock, valued at approximately $3,272,000. Compass Financial Management LLC owned about 0.32% of AdvisorShares Pure US Cannabis ETF as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Anson Funds Management LP lifted its stake in AdvisorShares Pure US Cannabis ETF by 58.9% in the first quarter. Anson Funds Management LP now owns 16,330,922 shares of the company’s stock worth $57,975,000 after purchasing an additional 6,056,223 shares during the last quarter. Suvretta Capital Management LLC grew its stake in shares of AdvisorShares Pure US Cannabis ETF by 21.0% during the fourth quarter. Suvretta Capital Management LLC now owns 8,669,600 shares of the company’s stock valued at $40,921,000 after buying an additional 1,502,600 shares during the last quarter. Marex Group plc purchased a new position in shares of AdvisorShares Pure US Cannabis ETF in the fourth quarter worth about $32,568,000. AdvisorShares Investments LLC increased its holdings in shares of AdvisorShares Pure US Cannabis ETF by 2.8% in the first quarter. AdvisorShares Investments LLC now owns 4,173,764 shares of the company’s stock worth $14,817,000 after buying an additional 113,213 shares during the period. Finally, Kingsview Wealth Management LLC purchased a new position in shares of AdvisorShares Pure US Cannabis ETF in the fourth quarter worth about $5,976,000.

AdvisorShares Pure US Cannabis ETF Trading Up 4.6%

NYSEARCA MSOS opened at $4.96 on Friday. The firm has a market cap of $996.36 million, a PE ratio of 12.20 and a beta of 1.34. AdvisorShares Pure US Cannabis ETF has a 1-year low of $2.96 and a 1-year high of $7.25. The stock has a 50-day moving average of $4.55 and a 200-day moving average of $4.38.

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.