Monaco Asset Management SAM Cuts Stake in AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS)

Monaco Asset Management SAM lessened its holdings in AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) by 31.2% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 252,712 shares of the company’s stock after selling 114,788 shares during the quarter. AdvisorShares Pure US Cannabis ETF comprises approximately 0.3% of Monaco Asset Management SAM’s investment portfolio, making the stock its 28th largest holding. Monaco Asset Management SAM’s holdings in AdvisorShares Pure US Cannabis ETF were worth $1,852,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. National Bank of Canada FI increased its position in shares of AdvisorShares Pure US Cannabis ETF by 155.0% in the 4th quarter. National Bank of Canada FI now owns 4,815 shares of the company’s stock valued at $33,000 after purchasing an additional 2,927 shares during the last quarter. Avantax Advisory Services Inc. acquired a new stake in AdvisorShares Pure US Cannabis ETF in the fourth quarter valued at $167,000. Janney Montgomery Scott LLC lifted its holdings in AdvisorShares Pure US Cannabis ETF by 517.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 193,524 shares of the company’s stock worth $1,357,000 after buying an additional 162,178 shares during the last quarter. Anthracite Investment Company Inc. acquired a new position in shares of AdvisorShares Pure US Cannabis ETF during the 4th quarter worth about $1,461,000. Finally, Gainplan LLC purchased a new position in shares of AdvisorShares Pure US Cannabis ETF in the 4th quarter valued at about $74,000.

AdvisorShares Pure US Cannabis ETF Stock Performance

Shares of NYSEARCA MSOS opened at $7.14 on Tuesday. The stock’s 50-day simple moving average is $7.14 and its 200-day simple moving average is $8.16. The firm has a market capitalization of $827.53 million, a PE ratio of 12.20 and a beta of 0.77. AdvisorShares Pure US Cannabis ETF has a fifty-two week low of $4.92 and a fifty-two 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.