One Plus One Wealth Management LLC Takes Position in AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS)

One Plus One Wealth Management LLC bought a new position in AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 11,874 shares of the company’s stock, valued at approximately $45,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Truist Financial Corp raised its holdings in shares of AdvisorShares Pure US Cannabis ETF by 8.3% during the second quarter. Truist Financial Corp now owns 37,728 shares of the company’s stock valued at $277,000 after acquiring an additional 2,906 shares during the period. Sanctuary Advisors LLC purchased a new position in AdvisorShares Pure US Cannabis ETF during the 2nd quarter worth approximately $79,000. Bleakley Financial Group LLC raised its stake in AdvisorShares Pure US Cannabis ETF by 11.1% during the 3rd quarter. Bleakley Financial Group LLC now owns 167,224 shares of the company’s stock valued at $1,199,000 after purchasing an additional 16,647 shares during the period. Clear Harbor Asset Management LLC lifted its holdings in shares of AdvisorShares Pure US Cannabis ETF by 26.7% in the third quarter. Clear Harbor Asset Management LLC now owns 28,500 shares of the company’s stock valued at $204,000 after purchasing an additional 6,000 shares in the last quarter. Finally, Pallas Capital Advisors LLC purchased a new stake in shares of AdvisorShares Pure US Cannabis ETF in the third quarter valued at $83,000.

AdvisorShares Pure US Cannabis ETF Trading Up 0.9 %

Shares of MSOS stock opened at $3.46 on Thursday. The stock’s fifty day simple moving average is $3.65 and its 200-day simple moving average is $5.48. The company has a market capitalization of $401.01 million, a price-to-earnings ratio of 12.20 and a beta of 0.77. AdvisorShares Pure US Cannabis ETF has a 1-year low of $3.27 and a 1-year 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.