Cedar Wealth Management LLC boosted its stake in AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS – Free Report) by 79.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 64,464 shares of the company’s stock after buying an additional 28,453 shares during the period. Cedar Wealth Management LLC owned approximately 0.06% of AdvisorShares Pure US Cannabis ETF worth $473,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of MSOS. Tsfg LLC acquired a new position in shares of AdvisorShares Pure US Cannabis ETF in the 1st quarter worth approximately $31,000. Powell Investment Advisors LLC acquired a new stake in shares of AdvisorShares Pure US Cannabis ETF during the first quarter worth about $58,000. Flagship Private Wealth LLC purchased a new position in shares of AdvisorShares Pure US Cannabis ETF in the second quarter valued at approximately $76,000. Vermillion & White Wealth Management Group LLC acquired a new position in shares of AdvisorShares Pure US Cannabis ETF in the fourth quarter valued at approximately $112,000. Finally, Thompson Davis & CO. Inc. acquired a new stake in AdvisorShares Pure US Cannabis ETF during the 1st quarter worth approximately $129,000.
AdvisorShares Pure US Cannabis ETF Stock Up 0.7 %
Shares of MSOS stock opened at $6.86 on Friday. The firm has a 50 day moving average of $7.10 and a two-hundred day moving average of $8.07. The stock has a market capitalization of $795.07 million, a PE ratio of 12.20 and a beta of 0.77. AdvisorShares Pure US Cannabis ETF has a 52 week low of $4.92 and a 52 week 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.
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