Eschler Asset Management LLP Purchases 210,456 Shares of AdvisorShares Pure US Cannabis ETF $MSOS

Eschler Asset Management LLP raised its stake in shares of AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) by 243.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 296,784 shares of the company’s stock after buying an additional 210,456 shares during the quarter. AdvisorShares Pure US Cannabis ETF comprises about 0.9% of Eschler Asset Management LLP’s investment portfolio, making the stock its 22nd biggest holding. Eschler Asset Management LLP owned about 0.15% of AdvisorShares Pure US Cannabis ETF worth $1,401,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Rovida Advisors Inc. raised its stake in AdvisorShares Pure US Cannabis ETF by 20.0% during the third quarter. Rovida Advisors Inc. now owns 1,200,000 shares of the company’s stock valued at $5,796,000 after buying an additional 200,000 shares during the last quarter. Clear Street Group Inc. purchased a new position in AdvisorShares Pure US Cannabis ETF during the third quarter valued at $32,633,000. Simplicity Wealth LLC purchased a new position in AdvisorShares Pure US Cannabis ETF during the fourth quarter valued at $769,000. NewEdge Wealth LLC raised its stake in AdvisorShares Pure US Cannabis ETF by 82.0% during the fourth quarter. NewEdge Wealth LLC now owns 910,458 shares of the company’s stock valued at $4,297,000 after buying an additional 410,187 shares during the last quarter. Finally, AdvisorShares Investments LLC raised its stake in AdvisorShares Pure US Cannabis ETF by 8.0% during the fourth quarter. AdvisorShares Investments LLC now owns 4,060,551 shares of the company’s stock valued at $19,166,000 after buying an additional 300,958 shares during the last quarter.

AdvisorShares Pure US Cannabis ETF Trading Down 4.4%

Shares of NYSEARCA:MSOS opened at $5.04 on Friday. The stock has a fifty day simple moving average of $4.66 and a two-hundred day simple moving average of $4.35. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 12.20 and a beta of 1.32. AdvisorShares Pure US Cannabis ETF has a 12-month low of $2.06 and a 12-month 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.