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

Magnolia Capital Advisors LLC bought a new position in shares of Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS) in the fourth quarter, Holdings Channel reports. The fund bought 95,978 shares of the company’s stock, valued at approximately $2,408,000. Pinnacle Focused Opportunities ETF makes up approximately 1.8% of Magnolia Capital Advisors LLC’s portfolio, making the stock its 15th largest holding. Magnolia Capital Advisors LLC owned approximately 0.32% of Pinnacle Focused Opportunities ETF as of its most recent filing with the Securities & Exchange Commission.

Pinnacle Focused Opportunities ETF Stock Down 0.5 %

Shares of FCUS traded down $0.12 during midday trading on Wednesday, reaching $26.12. 1,008 shares of the stock were exchanged, compared to its average volume of 5,960. Pinnacle Focused Opportunities ETF has a twelve month low of $19.80 and a twelve month high of $28.91. The company has a market cap of $26.12 million, a P/E ratio of 27.04 and a beta of 1.45. The stock’s 50 day simple moving average is $27.03 and its 200 day simple moving average is $24.48.

About Pinnacle Focused Opportunities ETF

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.