Main Sector Rotation ETF (BATS:SECT) Sets New 1-Year High – Still a Buy?

Shares of Main Sector Rotation ETF (BATS:SECT) hit a new 52-week high on Wednesday . The company traded as high as $73.44 and last traded at $73.30, with a volume of 1537 shares trading hands. The stock had previously closed at $72.66.

Main Sector Rotation ETF Stock Performance

The stock has a market capitalization of $2.63 billion, a PE ratio of 25.03 and a beta of 0.95. The firm’s 50 day moving average is $71.00 and its two-hundred day moving average is $67.09.

Institutional Trading of Main Sector Rotation ETF

Hedge funds have recently modified their holdings of the stock. Farther Finance Advisors LLC lifted its position in shares of Main Sector Rotation ETF by 2.7% during the 4th quarter. Farther Finance Advisors LLC now owns 7,683 shares of the company’s stock worth $496,000 after purchasing an additional 200 shares during the last quarter. Fortis Group Advisors LLC purchased a new position in Main Sector Rotation ETF in the fourth quarter valued at $30,000. IFC & Insurance Marketing Inc. acquired a new stake in Main Sector Rotation ETF in the fourth quarter valued at $42,000. NewEdge Advisors LLC purchased a new stake in Main Sector Rotation ETF during the 1st quarter worth about $52,000. Finally, Advantage Trust Co lifted its holdings 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 during the last quarter.

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.