Sigma Planning Corp Makes New $8 Million Investment in Pinnacle Focused Opportunities ETF $FCUS

Sigma Planning Corp purchased a new position in shares of Pinnacle Focused Opportunities ETF (NYSEARCA:FCUS) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 189,029 shares of the company’s stock, valued at approximately $7,995,000. Sigma Planning Corp owned approximately 8.71% of Pinnacle Focused Opportunities ETF as of its most recent SEC filing.

Separately, Walker Asset Management LLC increased its position in shares of Pinnacle Focused Opportunities ETF by 9.2% during the third quarter. Walker Asset Management LLC now owns 43,607 shares of the company’s stock worth $1,844,000 after acquiring an additional 3,665 shares during the period.

Pinnacle Focused Opportunities ETF Stock Performance

Shares of NYSEARCA FCUS opened at $37.65 on Monday. The stock has a market cap of $81.70 million, a P/E ratio of 38.49 and a beta of 1.69. The business’s fifty day simple moving average is $39.80 and its 200-day simple moving average is $40.63. Pinnacle Focused Opportunities ETF has a 12-month low of $28.33 and a 12-month 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.