Walker Asset Management LLC Has $1.79 Million Position in Pinnacle Focused Opportunities ETF $FCUS

Walker Asset Management LLC boosted its stake in shares of Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS) by 71.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,942 shares of the company’s stock after acquiring an additional 16,662 shares during the period. Pinnacle Focused Opportunities ETF accounts for about 0.9% of Walker Asset Management LLC’s portfolio, making the stock its 20th biggest position. Walker Asset Management LLC’s holdings in Pinnacle Focused Opportunities ETF were worth $1,791,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hollencrest Capital Management acquired a new position in Pinnacle Focused Opportunities ETF in the 4th quarter valued at $78,000. Citadel Advisors LLC acquired a new stake in shares of Pinnacle Focused Opportunities ETF during the 3rd quarter worth $621,000. OLD Mission Capital LLC grew its holdings in shares of Pinnacle Focused Opportunities ETF by 126.5% during the 4th quarter. OLD Mission Capital LLC now owns 26,844 shares of the company’s stock worth $842,000 after purchasing an additional 14,991 shares in the last quarter. Finally, Magnolia Capital Advisors LLC increased its position in shares of Pinnacle Focused Opportunities ETF by 5.8% in the fourth quarter. Magnolia Capital Advisors LLC now owns 196,650 shares of the company’s stock worth $6,171,000 after purchasing an additional 10,786 shares during the period.

Pinnacle Focused Opportunities ETF Stock Up 3.4%

FCUS stock opened at $38.23 on Thursday. The company has a market cap of $86.02 million, a PE ratio of 38.49 and a beta of 1.76. The business has a 50-day simple moving average of $40.37 and a 200 day simple moving average of $39.67. Pinnacle Focused Opportunities ETF has a 52 week low of $25.51 and a 52 week high of $47.49.

Pinnacle Focused Opportunities ETF Company 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. FCUS was launched on Dec 29, 2022 and is managed by Pinnacle.