Simplicity Wealth LLC Takes Position in AdvisorShares Pure US Cannabis ETF $MSOS

Simplicity Wealth LLC acquired a new position in AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 162,846 shares of the company’s stock, valued at approximately $769,000. Simplicity Wealth LLC owned about 0.08% of AdvisorShares Pure US Cannabis ETF at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Suvretta Capital Management LLC purchased a new stake in shares of AdvisorShares Pure US Cannabis ETF during the 3rd quarter valued at approximately $34,330,000. Clear Street Group Inc. purchased a new stake in shares of AdvisorShares Pure US Cannabis ETF during the 3rd quarter valued at approximately $32,633,000. Group One Trading LLC raised its position in shares of AdvisorShares Pure US Cannabis ETF by 153.4% during the 2nd quarter. Group One Trading LLC now owns 1,264,841 shares of the company’s stock valued at $3,048,000 after buying an additional 765,690 shares during the period. Jane Street Group LLC raised its position in shares of AdvisorShares Pure US Cannabis ETF by 986.6% during the 2nd quarter. Jane Street Group LLC now owns 550,600 shares of the company’s stock valued at $1,327,000 after buying an additional 612,700 shares during the period. Finally, AdvisorShares Investments LLC raised its position in shares of AdvisorShares Pure US Cannabis ETF by 15.3% during the 3rd quarter. AdvisorShares Investments LLC now owns 3,759,593 shares of the company’s stock valued at $18,008,000 after buying an additional 500,100 shares during the period.

AdvisorShares Pure US Cannabis ETF Stock Performance

MSOS stock opened at $5.11 on Friday. The firm has a market cap of $1.06 billion, a PE ratio of 12.20 and a beta of 1.07. The firm’s 50 day moving average price is $3.97 and its 200-day moving average price is $4.22. AdvisorShares Pure US Cannabis ETF has a one year low of $2.06 and a one year high of $7.25.

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.