Main Sector Rotation ETF (BATS:SECT) Hits New 52-Week High – What’s Next?

Main Sector Rotation ETF (BATS:SECTGet Free Report)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $72.76 and last traded at $72.76, with a volume of 20367 shares changing hands. The stock had previously closed at $71.03.

Main Sector Rotation ETF Price Performance

The stock has a market cap of $2.62 billion, a P/E ratio of 25.03 and a beta of 0.95. The firm’s fifty day moving average price is $70.91 and its two-hundred day moving average price is $66.86.

Hedge Funds Weigh In On Main Sector Rotation ETF

Institutional investors have recently added to or reduced their stakes in the business. Virtue Capital Management LLC increased its stake in Main Sector Rotation ETF by 1,216.5% in the fourth quarter. Virtue Capital Management LLC now owns 59,807 shares of the company’s stock valued at $3,865,000 after acquiring an additional 55,264 shares during the last quarter. Silver Grove Financial Group Inc. increased its position in shares of Main Sector Rotation ETF by 13.4% during the 4th quarter. Silver Grove Financial Group Inc. now owns 156,398 shares of the company’s stock valued at $10,092,000 after purchasing an additional 18,488 shares during the last quarter. Main Management LLC increased its position in shares of Main Sector Rotation ETF by 3.8% during the 4th quarter. Main Management LLC now owns 406,208 shares of the company’s stock valued at $26,213,000 after purchasing an additional 15,041 shares during the last quarter. Flow Traders U.S. LLC purchased a new position in shares of Main Sector Rotation ETF during the 3rd quarter valued at about $651,000. Finally, Keystone Financial Group purchased a new position in shares of Main Sector Rotation ETF during the 3rd quarter valued at about $627,000.

Main Sector Rotation ETF Company Profile

(Get Free Report)

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.

Further Reading

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