Concorde Asset Management LLC Sells 3,470 Shares of AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS)

Concorde Asset Management LLC decreased its position in AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) by 3.0% during the third quarter, HoldingsChannel reports. The firm owned 110,966 shares of the company’s stock after selling 3,470 shares during the quarter. Concorde Asset Management LLC’s holdings in AdvisorShares Pure US Cannabis ETF were worth $796,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Tidal Investments LLC bought a new position in shares of AdvisorShares Pure US Cannabis ETF in the first quarter valued at approximately $1,875,000. Murchinson Ltd. acquired a new stake in shares of AdvisorShares Pure US Cannabis ETF in the second quarter worth $11,721,000. Millennium Management LLC grew its stake in shares of AdvisorShares Pure US Cannabis ETF by 5.2% in the second quarter. Millennium Management LLC now owns 694,881 shares of the company’s stock worth $5,093,000 after acquiring an additional 34,147 shares during the last quarter. Heritage Oak Wealth Advisors LLC acquired a new stake in shares of AdvisorShares Pure US Cannabis ETF in the second quarter worth $1,937,000. Finally, Commonwealth Equity Services LLC grew its stake in shares of AdvisorShares Pure US Cannabis ETF by 3.2% in the second quarter. Commonwealth Equity Services LLC now owns 218,084 shares of the company’s stock worth $1,599,000 after acquiring an additional 6,758 shares during the last quarter.

AdvisorShares Pure US Cannabis ETF Trading Down 4.0 %

Shares of AdvisorShares Pure US Cannabis ETF stock opened at $4.57 on Friday. AdvisorShares Pure US Cannabis ETF has a 1 year low of $4.00 and a 1 year high of $11.36. The company’s fifty day simple moving average is $6.51 and its 200-day simple moving average is $7.21. The company has a market cap of $529.66 million, a price-to-earnings 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.