Walker Asset Management LLC Acquires 16,662 Shares of Pinnacle Focused Opportunities ETF $FCUS

Walker Asset Management LLC lifted its stake in shares of Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS) by 71.6% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 39,942 shares of the company’s stock after buying an additional 16,662 shares during the quarter. Pinnacle Focused Opportunities ETF comprises about 0.9% of Walker Asset Management LLC’s portfolio, making the stock its 20th largest holding. Walker Asset Management LLC owned approximately 1.78% of Pinnacle Focused Opportunities ETF worth $1,791,000 as of its most recent filing with the SEC.

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

Pinnacle Focused Opportunities ETF Stock Performance

Shares of Pinnacle Focused Opportunities ETF stock opened at $38.23 on Thursday. The firm has a 50-day moving average of $40.37 and a 200-day 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. The stock has a market cap of $86.02 million, a PE ratio of 38.49 and a beta of 1.76.

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