Concorde Asset Management LLC Has $796,000 Position in AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS)

Concorde Asset Management LLC lessened its stake in AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) by 3.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 110,966 shares of the company’s stock after selling 3,470 shares during the quarter. Concorde Asset Management LLC owned 0.10% of AdvisorShares Pure US Cannabis ETF worth $796,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Flagship Private Wealth LLC acquired a new stake in AdvisorShares Pure US Cannabis ETF during the second quarter valued at $76,000. Sanctuary Advisors LLC bought a new stake in shares of AdvisorShares Pure US Cannabis ETF in the 2nd quarter valued at approximately $79,000. Pallas Capital Advisors LLC bought a new stake in shares of AdvisorShares Pure US Cannabis ETF in the 3rd quarter valued at approximately $83,000. Canton Hathaway LLC acquired a new position in AdvisorShares Pure US Cannabis ETF in the second quarter worth approximately $154,000. Finally, Mesirow Financial Investment Management Inc. bought a new position in AdvisorShares Pure US Cannabis ETF during the third quarter valued at approximately $163,000.

AdvisorShares Pure US Cannabis ETF Stock Down 4.0 %

MSOS stock opened at $4.57 on Friday. The company has a market capitalization of $529.66 million, a price-to-earnings ratio of 12.20 and a beta of 0.77. The firm has a 50 day moving average of $6.51 and a two-hundred day moving average of $7.21. AdvisorShares Pure US Cannabis ETF has a 12 month low of $4.00 and a 12 month high of $11.36.

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.