Magnolia Capital Advisors LLC Invests $2.41 Million in Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS)

Magnolia Capital Advisors LLC acquired a new position in Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 95,978 shares of the company’s stock, valued at approximately $2,408,000. Pinnacle Focused Opportunities ETF comprises approximately 1.8% of Magnolia Capital Advisors LLC’s investment portfolio, making the stock its 15th largest holding. Magnolia Capital Advisors LLC owned about 31.99% of Pinnacle Focused Opportunities ETF at the end of the most recent reporting period.

Pinnacle Focused Opportunities ETF Stock Down 0.5 %

Shares of Pinnacle Focused Opportunities ETF stock traded down $0.12 during trading on Wednesday, hitting $26.12. The stock had a trading volume of 1,008 shares, compared to its average volume of 5,960. The stock has a 50 day simple moving average of $27.03 and a 200 day simple moving average of $24.48. The company has a market capitalization of $26.12 million, a PE ratio of 27.04 and a beta of 1.45. Pinnacle Focused Opportunities ETF has a 1 year low of $19.80 and a 1 year high of $28.91.

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.