GenTrust LLC Invests $248,000 in AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS)

GenTrust LLC purchased a new stake in AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) in the 1st quarter, HoldingsChannel reports. The institutional investor purchased 24,763 shares of the company’s stock, valued at approximately $248,000.

Other large investors have also added to or reduced their stakes in the company. ORG Partners LLC raised its position in shares of AdvisorShares Pure US Cannabis ETF by 113.0% in the 4th quarter. ORG Partners LLC now owns 3,623 shares of the company’s stock valued at $25,000 after buying an additional 1,922 shares in the last quarter. Tsfg LLC bought a new position in AdvisorShares Pure US Cannabis ETF in the first quarter valued at approximately $31,000. National Bank of Canada FI raised its position in AdvisorShares Pure US Cannabis ETF by 155.0% during the fourth quarter. National Bank of Canada FI now owns 4,815 shares of the company’s stock valued at $33,000 after purchasing an additional 2,927 shares in the last quarter. Canton Hathaway LLC bought a new stake in AdvisorShares Pure US Cannabis ETF during the fourth quarter worth $56,000. Finally, PFS Partners LLC lifted its stake in AdvisorShares Pure US Cannabis ETF by 39.3% during the third quarter. PFS Partners LLC now owns 7,210 shares of the company’s stock worth $57,000 after purchasing an additional 2,035 shares during the last quarter.

AdvisorShares Pure US Cannabis ETF Stock Up 4.4 %

Shares of MSOS traded up $0.31 during midday trading on Thursday, hitting $7.39. The company’s stock had a trading volume of 5,970,471 shares, compared to its average volume of 9,151,263. AdvisorShares Pure US Cannabis ETF has a one year low of $4.78 and a one year high of $11.36. The stock has a market capitalization of $856.50 million, a price-to-earnings ratio of 12.20 and a beta of 0.77. The company’s fifty day simple moving average is $8.30 and its two-hundred day simple moving average is $8.53.

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.