Sanctuary Advisors LLC Purchases New Shares in AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS)

Sanctuary Advisors LLC acquired a new stake in AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) in the second quarter, Holdings Channel reports. The institutional investor acquired 10,740 shares of the company’s stock, valued at approximately $79,000.

Other hedge funds have also modified their holdings of the company. Heritage Oak Wealth Advisors LLC acquired a new position in AdvisorShares Pure US Cannabis ETF during the second quarter worth about $1,937,000. Truist Financial Corp lifted its position in shares of AdvisorShares Pure US Cannabis ETF by 8.3% during the 2nd quarter. Truist Financial Corp now owns 37,728 shares of the company’s stock worth $277,000 after purchasing an additional 2,906 shares during the last quarter. Murchinson Ltd. acquired a new position in shares of AdvisorShares Pure US Cannabis ETF during the 2nd quarter worth about $11,721,000. Lighthouse Investment Partners LLC grew its position in shares of AdvisorShares Pure US Cannabis ETF by 10.3% in the 2nd quarter. Lighthouse Investment Partners LLC now owns 587,067 shares of the company’s stock valued at $4,303,000 after buying an additional 55,000 shares during the last quarter. Finally, Millennium Management LLC increased its position in shares of AdvisorShares Pure US Cannabis ETF by 5.2% during the second quarter. Millennium Management LLC now owns 694,881 shares of the company’s stock worth $5,093,000 after purchasing an additional 34,147 shares in the last quarter.

AdvisorShares Pure US Cannabis ETF Price Performance

Shares of AdvisorShares Pure US Cannabis ETF stock opened at $7.10 on Tuesday. The stock has a market capitalization of $822.89 million, a price-to-earnings ratio of 12.20 and a beta of 0.77. AdvisorShares Pure US Cannabis ETF has a 12 month low of $4.92 and a 12 month high of $11.36. The firm’s fifty day simple moving average is $6.92 and its 200-day simple moving average is $7.75.

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.