Compass Financial Management LLC Makes New $3.27 Million Investment in AdvisorShares Pure US Cannabis ETF $MSOS

Compass Financial Management LLC acquired a new stake in AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 644,107 shares of the company’s stock, valued at approximately $3,272,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Envestnet Asset Management Inc. boosted its holdings in shares of AdvisorShares Pure US Cannabis ETF by 18.3% during the second quarter. Envestnet Asset Management Inc. now owns 24,397 shares of the company’s stock worth $59,000 after purchasing an additional 3,777 shares during the period. Cresset Asset Management LLC increased its holdings in AdvisorShares Pure US Cannabis ETF by 9.3% during the 2nd quarter. Cresset Asset Management LLC now owns 321,641 shares of the company’s stock valued at $775,000 after purchasing an additional 27,400 shares during the period. Raymond James Financial Inc. bought a new position in AdvisorShares Pure US Cannabis ETF during the 2nd quarter valued at approximately $30,000. Jane Street Group LLC raised its position in 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 purchasing an additional 612,700 shares during the last quarter. Finally, Group One Trading LLC raised its position in 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 purchasing an additional 765,690 shares during the last quarter.

AdvisorShares Pure US Cannabis ETF Stock Performance

NYSEARCA MSOS opened at $4.96 on Friday. AdvisorShares Pure US Cannabis ETF has a fifty-two week low of $2.96 and a fifty-two week high of $7.25. The stock has a 50 day simple moving average of $4.55 and a two-hundred day simple moving average of $4.38. The stock has a market cap of $996.36 million, a P/E ratio of 12.20 and a beta of 1.34.

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.