Concorde Asset Management LLC Sells 9,830 Shares of AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS)

Concorde Asset Management LLC trimmed its holdings in shares of AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) by 7.9% in the second quarter, HoldingsChannel reports. The institutional investor owned 114,436 shares of the company’s stock after selling 9,830 shares during the quarter. Concorde Asset Management LLC’s holdings in AdvisorShares Pure US Cannabis ETF were worth $839,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Thompson Siegel & Walmsley LLC grew its holdings in AdvisorShares Pure US Cannabis ETF by 88.0% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 64,117 shares of the company’s stock worth $470,000 after acquiring an additional 30,010 shares during the period. Commonwealth Equity Services LLC grew its stake in shares of AdvisorShares Pure US Cannabis ETF by 3.2% during the second quarter. Commonwealth Equity Services LLC now owns 218,084 shares of the company’s stock worth $1,599,000 after purchasing an additional 6,758 shares during the period. Fortis Group Advisors LLC increased its holdings in AdvisorShares Pure US Cannabis ETF by 57.3% in the second quarter. Fortis Group Advisors LLC now owns 27,204 shares of the company’s stock valued at $199,000 after purchasing an additional 9,912 shares during the last quarter. Jaffetilchin Investment Partners LLC lifted its stake in AdvisorShares Pure US Cannabis ETF by 2.5% in the second quarter. Jaffetilchin Investment Partners LLC now owns 331,786 shares of the company’s stock valued at $2,432,000 after buying an additional 8,223 shares during the period. Finally, Signature Estate & Investment Advisors LLC bought a new position in AdvisorShares Pure US Cannabis ETF during the second quarter worth about $188,000.

AdvisorShares Pure US Cannabis ETF Trading Down 1.3 %

AdvisorShares Pure US Cannabis ETF stock opened at $6.81 on Thursday. The firm has a market capitalization of $789.28 million, a P/E ratio of 12.20 and a beta of 0.77. The business has a 50-day moving average of $7.10 and a 200-day moving average of $8.07. AdvisorShares Pure US Cannabis ETF has a 1 year low of $4.92 and a 1 year 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.