Bleakley Financial Group LLC Increases Holdings in AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS)

Bleakley Financial Group LLC grew its holdings in AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) by 112.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 354,586 shares of the company’s stock after acquiring an additional 187,362 shares during the quarter. Bleakley Financial Group LLC’s holdings in AdvisorShares Pure US Cannabis ETF were worth $1,351,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC grew its holdings in shares of AdvisorShares Pure US Cannabis ETF by 69.9% during the third quarter. Barclays PLC now owns 42,602 shares of the company’s stock worth $306,000 after purchasing an additional 17,521 shares during the last quarter. Perigon Wealth Management LLC acquired a new stake in shares of AdvisorShares Pure US Cannabis ETF in the 4th quarter valued at about $66,000. Millennium Management LLC grew its stake in AdvisorShares Pure US Cannabis ETF by 5.2% during the 2nd quarter. Millennium Management LLC now owns 694,881 shares of the company’s stock worth $5,093,000 after buying an additional 34,147 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in AdvisorShares Pure US Cannabis ETF during the second quarter worth approximately $79,000. Finally, Wedmont Private Capital lifted its stake in AdvisorShares Pure US Cannabis ETF by 165.1% in the fourth quarter. Wedmont Private Capital now owns 57,049 shares of the company’s stock valued at $201,000 after buying an additional 35,529 shares during the last quarter.

AdvisorShares Pure US Cannabis ETF Trading Down 4.3 %

MSOS stock opened at $3.54 on Friday. The business has a 50 day simple moving average of $3.70 and a 200-day simple moving average of $5.58. The company has a market capitalization of $410.29 million, a P/E ratio of 12.20 and a beta of 0.77. AdvisorShares Pure US Cannabis ETF has a twelve month low of $3.27 and a twelve month high of $11.36.

About AdvisorShares Pure US Cannabis ETF

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.