AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) Shares Sold by Navis Wealth Advisors LLC

Navis Wealth Advisors LLC trimmed its position in shares of AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) by 10.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,505 shares of the company’s stock after selling 5,554 shares during the period. Navis Wealth Advisors LLC owned approximately 0.07% of AdvisorShares Pure US Cannabis ETF worth $326,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Wedmont Private Capital acquired a new stake in shares of AdvisorShares Pure US Cannabis ETF in the fourth quarter valued at $167,000. NewEdge Wealth LLC raised its stake in shares of AdvisorShares Pure US Cannabis ETF by 784.2% in the fourth quarter. NewEdge Wealth LLC now owns 92,838 shares of the company’s stock valued at $651,000 after acquiring an additional 82,338 shares in the last quarter. Kestra Advisory Services LLC raised its stake in shares of AdvisorShares Pure US Cannabis ETF by 10.0% in the third quarter. Kestra Advisory Services LLC now owns 101,411 shares of the company’s stock valued at $805,000 after acquiring an additional 9,180 shares in the last quarter. Axxcess Wealth Management LLC acquired a new stake in shares of AdvisorShares Pure US Cannabis ETF in the third quarter valued at $143,000. Finally, Cambridge Investment Research Advisors Inc. raised its stake in shares of AdvisorShares Pure US Cannabis ETF by 11.1% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 50,280 shares of the company’s stock valued at $399,000 after acquiring an additional 5,025 shares in the last quarter.

AdvisorShares Pure US Cannabis ETF Stock Up 4.3 %

AdvisorShares Pure US Cannabis ETF stock traded up $0.36 during midday trading on Friday, reaching $8.78. The company’s stock had a trading volume of 7,463,096 shares, compared to its average volume of 8,476,060. AdvisorShares Pure US Cannabis ETF has a fifty-two week low of $4.78 and a fifty-two week high of $10.95. The company has a market cap of $1.01 billion, a P/E ratio of 12.20 and a beta of 1.17. The business has a 50-day simple moving average of $9.07 and a 200-day simple moving average of $7.96.

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.