Northside Capital Management LLC Sells 13,750 Shares of AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS)

Northside Capital Management LLC trimmed its stake in shares of AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) by 40.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 20,000 shares of the company’s stock after selling 13,750 shares during the quarter. Northside Capital Management LLC’s holdings in AdvisorShares Pure US Cannabis ETF were worth $76,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in MSOS. Sanctuary Advisors LLC purchased a new stake in AdvisorShares Pure US Cannabis ETF in the 2nd quarter worth approximately $79,000. Pallas Capital Advisors LLC purchased a new stake in shares of AdvisorShares Pure US Cannabis ETF in the third quarter worth $83,000. Mesirow Financial Investment Management Inc. bought a new stake in AdvisorShares Pure US Cannabis ETF during the third quarter valued at $163,000. Horrell Capital Management Inc. grew its position in AdvisorShares Pure US Cannabis ETF by 29.2% during the third quarter. Horrell Capital Management Inc. now owns 27,269 shares of the company’s stock worth $196,000 after buying an additional 6,162 shares in the last quarter. Finally, Clear Harbor Asset Management LLC raised its holdings in shares of AdvisorShares Pure US Cannabis ETF by 26.7% in the 3rd quarter. Clear Harbor Asset Management LLC now owns 28,500 shares of the company’s stock valued at $204,000 after acquiring an additional 6,000 shares in the last quarter.

AdvisorShares Pure US Cannabis ETF Trading Up 0.3 %

Shares of MSOS opened at $3.43 on Thursday. AdvisorShares Pure US Cannabis ETF has a 12-month low of $3.39 and a 12-month high of $11.36. The company has a market cap of $397.54 million, a PE ratio of 12.20 and a beta of 0.77. The stock has a 50-day moving average price of $4.12 and a 200-day moving average price of $6.04.

AdvisorShares Pure US Cannabis ETF Company 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.