Quinn Opportunity Partners LLC Boosts Stock Holdings in AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS)

Quinn Opportunity Partners LLC boosted its stake in AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) by 1,299.9% during the 4th quarter, Holdings Channel reports. The firm owned 2,869,825 shares of the company’s stock after buying an additional 2,664,825 shares during the quarter. Quinn Opportunity Partners LLC’s holdings in AdvisorShares Pure US Cannabis ETF were worth $10,934,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Sanctuary Advisors LLC purchased a new position in shares of AdvisorShares Pure US Cannabis ETF in the fourth quarter valued at $36,000. Cerity Partners LLC bought a new position in AdvisorShares Pure US Cannabis ETF during the fourth quarter valued at $40,000. Edge Wealth Management LLC purchased a new position in shares of AdvisorShares Pure US Cannabis ETF in the 4th quarter worth $42,000. One Plus One Wealth Management LLC bought a new stake in shares of AdvisorShares Pure US Cannabis ETF in the 4th quarter worth about $45,000. Finally, Perigon Wealth Management LLC purchased a new stake in shares of AdvisorShares Pure US Cannabis ETF during the 4th quarter valued at about $66,000.

AdvisorShares Pure US Cannabis ETF Trading Up 1.4 %

Shares of NYSEARCA:MSOS opened at $2.17 on Friday. The company has a 50-day moving average price of $2.89 and a 200 day moving average price of $4.25. AdvisorShares Pure US Cannabis ETF has a 12 month low of $2.02 and a 12 month high of $11.37. The company has a market cap of $292.58 million, a price-to-earnings ratio of 12.20 and a beta of 1.33.

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.