NewEdge Wealth LLC Grows Stock Holdings in AdvisorShares Pure US Cannabis ETF $MSOS

NewEdge Wealth LLC grew its holdings in AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) by 82.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 910,458 shares of the company’s stock after acquiring an additional 410,187 shares during the period. NewEdge Wealth LLC owned about 0.46% of AdvisorShares Pure US Cannabis ETF worth $4,297,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in MSOS. Raymond James Financial Inc. purchased a new stake in shares of AdvisorShares Pure US Cannabis ETF in the 2nd quarter valued at $30,000. Verdence Capital Advisors LLC purchased a new stake in AdvisorShares Pure US Cannabis ETF during the fourth quarter worth $48,000. Main Street Group LTD purchased a new stake in AdvisorShares Pure US Cannabis ETF during the fourth quarter worth $49,000. Envestnet Asset Management Inc. boosted its holdings in AdvisorShares Pure US Cannabis ETF by 18.3% during the second quarter. Envestnet Asset Management Inc. now owns 24,397 shares of the company’s stock worth $59,000 after buying an additional 3,777 shares in the last quarter. Finally, PenderFund Capital Management Ltd. purchased a new stake in AdvisorShares Pure US Cannabis ETF during the third quarter worth $65,000.

AdvisorShares Pure US Cannabis ETF Stock Performance

Shares of NYSEARCA MSOS opened at $5.06 on Tuesday. The company’s fifty day moving average price is $4.09 and its 200 day moving average price is $4.21. AdvisorShares Pure US Cannabis ETF has a 1 year low of $2.06 and a 1 year high of $7.25. The company has a market capitalization of $1.05 billion, a PE ratio of 12.20 and a beta of 1.35.

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.