AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) Stake Boosted 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 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 42,425 shares of the company’s stock after purchasing an additional 21,675 shares during the quarter. Summit Trail Advisors LLC’s holdings in AdvisorShares Pure US Cannabis ETF were worth $162,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Bleakley Financial Group LLC grew its holdings in shares of AdvisorShares Pure US Cannabis ETF by 112.0% during the fourth quarter. Bleakley Financial Group LLC now owns 354,586 shares of the company’s stock valued at $1,351,000 after purchasing an additional 187,362 shares during the last quarter. Stonegate Investment Group LLC acquired a new position in shares of AdvisorShares Pure US Cannabis ETF during the fourth quarter worth approximately $124,000. Perigon Wealth Management LLC acquired a new position in shares of AdvisorShares Pure US Cannabis ETF during the fourth quarter worth approximately $66,000. Foundations Investment Advisors LLC acquired a new position in shares of AdvisorShares Pure US Cannabis ETF during the fourth quarter worth approximately $77,000. Finally, PCG Wealth Advisors LLC boosted its position in shares of AdvisorShares Pure US Cannabis ETF by 123.2% during the fourth quarter. PCG Wealth Advisors LLC now owns 63,045 shares of the company’s stock worth $240,000 after buying an additional 34,805 shares during the period.

AdvisorShares Pure US Cannabis ETF Trading Up 4.0 %

Shares of NYSEARCA MSOS opened at $3.60 on Friday. The stock has a 50 day simple moving average of $3.64 and a 200-day simple moving average of $5.47. The company has a market cap of $417.24 million, a PE ratio of 12.20 and a beta of 0.77. AdvisorShares Pure US Cannabis ETF has a 12-month low of $3.27 and a 12-month 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.