Florin Court Capital LLP Sells 143,700 Shares of AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS)

Florin Court Capital LLP decreased its holdings in AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) by 86.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 22,698 shares of the company’s stock after selling 143,700 shares during the period. AdvisorShares Pure US Cannabis ETF makes up about 0.2% of Florin Court Capital LLP’s holdings, making the stock its 27th biggest holding. Florin Court Capital LLP’s holdings in AdvisorShares Pure US Cannabis ETF were worth $159,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Canton Hathaway LLC bought a new stake in AdvisorShares Pure US Cannabis ETF during the 4th quarter valued at $56,000. PCG Wealth Advisors LLC boosted its holdings in shares of AdvisorShares Pure US Cannabis ETF by 28.3% during the fourth quarter. PCG Wealth Advisors LLC now owns 31,721 shares of the company’s stock worth $222,000 after purchasing an additional 7,000 shares during the period. ORG Partners LLC grew its stake in shares of AdvisorShares Pure US Cannabis ETF by 113.0% in the fourth quarter. ORG Partners LLC now owns 3,623 shares of the company’s stock worth $25,000 after purchasing an additional 1,922 shares during the last quarter. NewEdge Wealth LLC increased its holdings in AdvisorShares Pure US Cannabis ETF by 784.2% during the 4th quarter. NewEdge Wealth LLC now owns 92,838 shares of the company’s stock valued at $651,000 after purchasing an additional 82,338 shares during the period. Finally, Sequoia Financial Advisors LLC purchased a new position in AdvisorShares Pure US Cannabis ETF during the 4th quarter valued at about $180,000.

AdvisorShares Pure US Cannabis ETF Trading Up 2.6 %

Shares of MSOS stock traded up $0.22 during trading hours on Friday, reaching $8.64. The company’s stock had a trading volume of 3,138,573 shares, compared to its average volume of 8,418,654. AdvisorShares Pure US Cannabis ETF has a one year low of $4.78 and a one year high of $10.95. The stock has a market capitalization of $995.24 million, a P/E ratio of 12.20 and a beta of 1.17. The firm’s fifty day simple moving average is $9.07 and its 200 day simple moving average is $7.94.

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.