Rovida Advisors Inc. Acquires 800,000 Shares of AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS)

Rovida Advisors Inc. boosted its holdings in shares of AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) by 400.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,000,000 shares of the company’s stock after acquiring an additional 800,000 shares during the quarter. AdvisorShares Pure US Cannabis ETF accounts for about 2.9% of Rovida Advisors Inc.’s portfolio, making the stock its 11th largest position. Rovida Advisors Inc. owned 0.86% of AdvisorShares Pure US Cannabis ETF worth $3,790,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MSOS. Truist Financial Corp boosted its holdings in AdvisorShares Pure US Cannabis ETF by 30.0% in the fourth quarter. Truist Financial Corp now owns 26,865 shares of the company’s stock valued at $102,000 after acquiring an additional 6,195 shares during the last quarter. Barclays PLC boosted its stake in shares of AdvisorShares Pure US Cannabis ETF by 69.9% in the 3rd quarter. Barclays PLC now owns 42,602 shares of the company’s stock valued at $306,000 after purchasing an additional 17,521 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in shares of AdvisorShares Pure US Cannabis ETF in the 4th quarter valued at $36,000. Perigon Wealth Management LLC bought a new position in shares of AdvisorShares Pure US Cannabis ETF in the 4th quarter worth about $66,000. Finally, Proficio Capital Partners LLC increased its holdings in AdvisorShares Pure US Cannabis ETF by 102.4% in the fourth quarter. Proficio Capital Partners LLC now owns 606,549 shares of the company’s stock worth $2,311,000 after purchasing an additional 306,808 shares in the last quarter.

AdvisorShares Pure US Cannabis ETF Stock Down 3.1 %

AdvisorShares Pure US Cannabis ETF stock opened at $2.53 on Wednesday. The company has a market capitalization of $341.12 million, a PE ratio of 12.20 and a beta of 1.30. AdvisorShares Pure US Cannabis ETF has a 12-month low of $2.53 and a 12-month high of $11.37. The firm’s fifty day moving average is $3.20 and its 200 day moving average is $4.67.

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.