Herr Investment Group LLC Purchases Shares of 75,000 AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS)

Herr Investment Group LLC acquired a new position in shares of AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 75,000 shares of the company’s stock, valued at approximately $550,000. Herr Investment Group LLC owned approximately 0.06% of AdvisorShares Pure US Cannabis ETF as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Tsfg LLC purchased a new position in AdvisorShares Pure US Cannabis ETF in the 1st quarter worth about $31,000. Powell Investment Advisors LLC acquired a new position in shares of AdvisorShares Pure US Cannabis ETF in the first quarter worth about $58,000. Flagship Private Wealth LLC acquired a new position in AdvisorShares Pure US Cannabis ETF in the 2nd quarter worth approximately $76,000. Vermillion & White Wealth Management Group LLC purchased a new position in AdvisorShares Pure US Cannabis ETF during the 4th quarter worth approximately $112,000. Finally, Thompson Davis & CO. Inc. acquired a new stake in AdvisorShares Pure US Cannabis ETF during the 1st quarter valued at $129,000.

AdvisorShares Pure US Cannabis ETF Stock Up 0.7 %

MSOS opened at $6.86 on Friday. The firm has a market capitalization of $795.07 million, a P/E ratio of 12.20 and a beta of 0.77. The stock has a fifty day moving average of $7.10 and a 200-day moving average of $8.07. AdvisorShares Pure US Cannabis ETF has a 12-month low of $4.92 and a 12-month 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.