Navis Wealth Advisors LLC Sells 5,554 Shares of AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS)

Navis Wealth Advisors LLC lessened its position in AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) by 10.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 46,505 shares of the company’s stock after selling 5,554 shares during the quarter. Navis Wealth Advisors LLC’s holdings in AdvisorShares Pure US Cannabis ETF were worth $326,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. ORG Partners LLC raised its holdings in AdvisorShares Pure US Cannabis ETF by 113.0% in the 4th quarter. ORG Partners LLC now owns 3,623 shares of the company’s stock worth $25,000 after acquiring an additional 1,922 shares during the period. PFS Partners LLC increased its holdings in shares of AdvisorShares Pure US Cannabis ETF by 39.3% during the 3rd quarter. PFS Partners LLC now owns 7,210 shares of the company’s stock worth $57,000 after purchasing an additional 2,035 shares during the period. Canton Hathaway LLC bought a new position in shares of AdvisorShares Pure US Cannabis ETF during the 4th quarter worth about $56,000. Horrell Capital Management Inc. increased its holdings in shares of AdvisorShares Pure US Cannabis ETF by 44.4% during the 3rd quarter. Horrell Capital Management Inc. now owns 9,751 shares of the company’s stock worth $77,000 after purchasing an additional 3,000 shares during the period. Finally, Wealth Advisors of Iowa LLC increased its holdings in shares of AdvisorShares Pure US Cannabis ETF by 102.0% during the 3rd quarter. Wealth Advisors of Iowa LLC now owns 14,020 shares of the company’s stock worth $111,000 after purchasing an additional 7,081 shares during the period.

AdvisorShares Pure US Cannabis ETF Stock Performance

Shares of NYSEARCA:MSOS traded up $0.36 on Friday, hitting $8.78. 7,463,096 shares of the company were exchanged, compared to its average volume of 8,476,060. The company’s 50 day moving average price is $9.07 and its two-hundred day moving average price is $7.96. AdvisorShares Pure US Cannabis ETF has a one year low of $4.78 and a one year high of $10.95. The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of 12.20 and a beta of 1.17.

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.