Pura Vida Investments LLC Has $2.86 Million Position in AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS)

Pura Vida Investments LLC reduced its stake in shares of AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) by 53.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 750,000 shares of the company’s stock after selling 873,100 shares during the quarter. AdvisorShares Pure US Cannabis ETF comprises about 9.0% of Pura Vida Investments LLC’s investment portfolio, making the stock its 3rd largest position. Pura Vida Investments LLC’s holdings in AdvisorShares Pure US Cannabis ETF were worth $2,858,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Truist Financial Corp lifted its stake 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 buying an additional 6,195 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in AdvisorShares Pure US Cannabis ETF in the 4th quarter valued at $36,000. Edge Wealth Management LLC acquired a new position in AdvisorShares Pure US Cannabis ETF in the 4th quarter worth $42,000. One Plus One Wealth Management LLC bought a new position in AdvisorShares Pure US Cannabis ETF during the 4th quarter worth about $45,000. Finally, Perigon Wealth Management LLC acquired a new stake in shares of AdvisorShares Pure US Cannabis ETF in the 4th quarter valued at about $66,000.

AdvisorShares Pure US Cannabis ETF Price Performance

MSOS stock opened at $2.63 on Friday. The stock has a market capitalization of $354.60 million, a P/E ratio of 12.20 and a beta of 1.30. AdvisorShares Pure US Cannabis ETF has a fifty-two week low of $2.40 and a fifty-two week high of $11.37. The business has a 50-day moving average of $3.15 and a 200-day moving average of $4.59.

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.