Magnolia Capital Advisors LLC Grows Stock Position in Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS)

Magnolia Capital Advisors LLC lifted its position in shares of Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS) by 1.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 98,707 shares of the company’s stock after acquiring an additional 1,789 shares during the quarter. Magnolia Capital Advisors LLC owned 9.40% of Pinnacle Focused Opportunities ETF worth $2,729,000 at the end of the most recent quarter.

Separately, Farther Finance Advisors LLC purchased a new stake in Pinnacle Focused Opportunities ETF in the 2nd quarter worth approximately $2,480,000.

Pinnacle Focused Opportunities ETF Trading Down 0.2 %

Pinnacle Focused Opportunities ETF stock opened at $28.98 on Monday. Pinnacle Focused Opportunities ETF has a 52 week low of $19.81 and a 52 week high of $29.43. The stock has a fifty day moving average price of $27.52 and a 200 day moving average price of $27.64. The firm has a market capitalization of $30.43 million, a P/E ratio of 29.52 and a beta of 1.54.

Pinnacle Focused Opportunities ETF Profile

The Pinnacle Focused Opportunities ETF (FCUS) is an exchange-traded fund that is based on the EQM Pinnacle Focused Equity index. The fund is an actively managed fund that toggles between large-cap equities and Treasurys, or a combination of both, based on a proprietary model that identifies positive and negative market signals in the US equity market.