Pinnacle Focused Opportunities ETF $FCUS Shares Sold by Sigma Planning Corp

Sigma Planning Corp lowered its stake in shares of Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS) by 9.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 205,457 shares of the company’s stock after selling 22,412 shares during the quarter. Sigma Planning Corp owned 0.14% of Pinnacle Focused Opportunities ETF worth $6,447,000 at the end of the most recent quarter.

Separately, Magnolia Capital Advisors LLC boosted its stake in Pinnacle Focused Opportunities ETF by 4.2% during the third quarter. Magnolia Capital Advisors LLC now owns 185,864 shares of the company’s stock worth $5,906,000 after buying an additional 7,461 shares during the last quarter.

Pinnacle Focused Opportunities ETF Stock Performance

NYSEARCA FCUS opened at $41.42 on Friday. The stock’s fifty day moving average is $37.77 and its two-hundred day moving average is $35.39. The firm has a market capitalization of $72.49 million, a P/E ratio of 38.49 and a beta of 1.76. Pinnacle Focused Opportunities ETF has a fifty-two week low of $22.71 and a fifty-two week high of $42.46.

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. FCUS was launched on Dec 29, 2022 and is managed by Pinnacle.