Edge Wealth Management LLC Invests $42,000 in AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS)

Edge Wealth Management LLC acquired a new stake in shares of AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) during the fourth quarter, Holdings Channel.com reports. The fund acquired 11,100 shares of the company’s stock, valued at approximately $42,000.

Several other large investors have also recently added to or reduced their stakes in MSOS. Sanctuary Advisors LLC bought a new stake in AdvisorShares Pure US Cannabis ETF during the second quarter worth approximately $79,000. Pallas Capital Advisors LLC bought a new stake in shares of AdvisorShares Pure US Cannabis ETF during the 3rd quarter worth $83,000. Mesirow Financial Investment Management Inc. acquired a new stake in AdvisorShares Pure US Cannabis ETF in the 3rd quarter valued at approximately $163,000. Horrell Capital Management Inc. increased its position in AdvisorShares Pure US Cannabis ETF by 29.2% in the 3rd quarter. Horrell Capital Management Inc. now owns 27,269 shares of the company’s stock worth $196,000 after buying an additional 6,162 shares during the period. Finally, Wedmont Private Capital lifted its holdings in shares of AdvisorShares Pure US Cannabis ETF by 165.1% during the fourth quarter. Wedmont Private Capital now owns 57,049 shares of the company’s stock worth $201,000 after buying an additional 35,529 shares during the last quarter.

AdvisorShares Pure US Cannabis ETF Price Performance

NYSEARCA MSOS opened at $3.43 on Friday. The company’s fifty day moving average is $4.12 and its two-hundred day moving average is $6.04. The firm has a market capitalization of $397.54 million, a price-to-earnings ratio of 12.20 and a beta of 0.77. AdvisorShares Pure US Cannabis ETF has a 52-week low of $3.39 and a 52-week high of $11.36.

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.