Heritage Oak Wealth Advisors LLC acquired a new position in AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS – Free Report) during the second quarter, Holdings Channel reports. The institutional investor acquired 264,253 shares of the company’s stock, valued at approximately $1,937,000. AdvisorShares Pure US Cannabis ETF makes up about 1.0% of Heritage Oak Wealth Advisors LLC’s portfolio, making the stock its 19th largest holding.
Other hedge funds have also recently added to or reduced their stakes in the company. Tsfg LLC acquired a new position in AdvisorShares Pure US Cannabis ETF in the first quarter worth approximately $31,000. Powell Investment Advisors LLC acquired a new position in AdvisorShares Pure US Cannabis ETF in the first quarter worth approximately $58,000. Flagship Private Wealth LLC acquired a new position in AdvisorShares Pure US Cannabis ETF in the second quarter worth approximately $76,000. Thompson Davis & CO. Inc. acquired a new position in AdvisorShares Pure US Cannabis ETF in the first quarter worth approximately $129,000. Finally, Wealthspire Advisors LLC acquired a new position in AdvisorShares Pure US Cannabis ETF in the first quarter worth approximately $152,000.
AdvisorShares Pure US Cannabis ETF Stock Performance
NYSEARCA:MSOS opened at $7.16 on Tuesday. The stock’s 50 day moving average price is $7.00 and its 200 day moving average price is $8.02. AdvisorShares Pure US Cannabis ETF has a 52 week low of $4.92 and a 52 week high of $11.36. The company has a market capitalization of $829.84 million, a P/E ratio of 12.20 and a beta of 0.77.
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.
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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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