Silver Grove Financial Group Inc. Boosts Stock Holdings in Main Sector Rotation ETF $SECT

Silver Grove Financial Group Inc. boosted its stake in Main Sector Rotation ETF (BATS:SECT) by 13.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 156,398 shares of the company’s stock after acquiring an additional 18,488 shares during the quarter. Main Sector Rotation ETF accounts for 8.7% of Silver Grove Financial Group Inc.’s portfolio, making the stock its largest position. Silver Grove Financial Group Inc. owned approximately 0.43% of Main Sector Rotation ETF worth $10,092,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the stock. Farther Finance Advisors LLC lifted its position in Main Sector Rotation ETF by 2.7% in the 4th quarter. Farther Finance Advisors LLC now owns 7,683 shares of the company’s stock valued at $496,000 after acquiring an additional 200 shares in the last quarter. Fortis Group Advisors LLC bought a new stake in Main Sector Rotation ETF during the 4th quarter worth about $30,000. IFC & Insurance Marketing Inc. bought a new stake in Main Sector Rotation ETF during the 4th quarter worth about $42,000. Advantage Trust Co lifted its position in Main Sector Rotation ETF by 2.9% during the 4th quarter. Advantage Trust Co now owns 46,639 shares of the company’s stock worth $3,010,000 after buying an additional 1,312 shares in the last quarter. Finally, Fiduciary Alliance LLC lifted its position in Main Sector Rotation ETF by 3.6% during the 4th quarter. Fiduciary Alliance LLC now owns 37,885 shares of the company’s stock worth $2,445,000 after buying an additional 1,314 shares in the last quarter.

Main Sector Rotation ETF Price Performance

Shares of BATS:SECT opened at $71.53 on Wednesday. The company’s 50-day moving average price is $68.00 and its two-hundred day moving average price is $65.31. Main Sector Rotation ETF has a one year low of $55.15 and a one year high of $72.47. The stock has a market capitalization of $2.59 billion, a PE ratio of 25.03 and a beta of 0.95.

About Main Sector Rotation ETF

The Main Sector Rotation ETF (SECT) is an exchange-traded fund that is based on the S&P 500 index. The fund is an actively managed fund-of-funds that uses fundamental analysis to pursue a sector rotation strategy. The fund aims to outperform the S&P 500 while limiting losses during periods of decline, and may hold equities of any market cap or geographic exposure. SECT was launched on Sep 5, 2017 and is managed by Main Funds.