Sanctuary Advisors LLC Takes Position in AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS)

Sanctuary Advisors LLC purchased a new position in AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) during the fourth quarter, Holdings Channel reports. The fund purchased 10,250 shares of the company’s stock, valued at approximately $36,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Edge Wealth Management LLC bought a new stake in AdvisorShares Pure US Cannabis ETF in the fourth quarter worth about $42,000. One Plus One Wealth Management LLC bought a new stake in AdvisorShares Pure US Cannabis ETF in the fourth quarter worth about $45,000. Perigon Wealth Management LLC bought a new stake in AdvisorShares Pure US Cannabis ETF in the fourth quarter worth about $66,000. Foundations Investment Advisors LLC bought a new stake in AdvisorShares Pure US Cannabis ETF in the fourth quarter worth about $77,000. Finally, Stonegate Investment Group LLC bought a new stake in AdvisorShares Pure US Cannabis ETF in the fourth quarter worth about $124,000.

AdvisorShares Pure US Cannabis ETF Stock Down 7.2 %

MSOS opened at $2.85 on Friday. The company has a market capitalization of $389.97 million, a price-to-earnings ratio of 12.20 and a beta of 1.29. The firm has a 50-day moving average price of $3.48 and a 200-day moving average price of $5.07. AdvisorShares Pure US Cannabis ETF has a twelve month low of $2.75 and a twelve month 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.