Canton Hathaway LLC cut its stake in AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS – Free Report) by 19.5% during the third quarter, HoldingsChannel reports. The fund owned 16,900 shares of the company’s stock after selling 4,100 shares during the quarter. Canton Hathaway LLC’s holdings in AdvisorShares Pure US Cannabis ETF were worth $121,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of the stock. Flagship Private Wealth LLC purchased a new position in AdvisorShares Pure US Cannabis ETF in the second quarter valued at about $76,000. Sanctuary Advisors LLC purchased a new stake in shares of AdvisorShares Pure US Cannabis ETF during the 2nd quarter worth about $79,000. Pallas Capital Advisors LLC acquired a new stake in shares of AdvisorShares Pure US Cannabis ETF during the 3rd quarter valued at about $83,000. Mesirow Financial Investment Management Inc. bought a new stake in shares of AdvisorShares Pure US Cannabis ETF in the 3rd quarter valued at approximately $163,000. Finally, Clear Harbor Asset Management LLC acquired a new position in AdvisorShares Pure US Cannabis ETF in the second quarter worth approximately $165,000.
AdvisorShares Pure US Cannabis ETF Stock Performance
Shares of MSOS opened at $4.47 on Monday. The firm has a market cap of $518.07 million, a PE ratio of 12.20 and a beta of 0.77. The firm’s 50 day moving average price is $6.46 and its 200 day moving average price is $7.15. AdvisorShares Pure US Cannabis ETF has a twelve month low of $4.00 and a twelve 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.
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Want to see what other hedge funds are holding MSOS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS – Free Report).
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