Main Sector Rotation ETF (BATS:SECT) Stock Price Up 1.7% – Still a Buy?

Main Sector Rotation ETF (BATS:SECT) was up 1.7% on Monday . The stock traded as high as $72.56 and last traded at $72.50. 205,998 shares were traded during mid-day trading, an increase of 78% from the average session volume of 115,751 shares. The stock had previously closed at $71.31.

Main Sector Rotation ETF Price Performance

The company has a market cap of $2.62 billion, a PE ratio of 25.03 and a beta of 0.95. The company has a 50-day moving average price of $71.45 and a two-hundred day moving average price of $68.60.

Main Sector Rotation ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a $0.0902 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.36 dividend on an annualized basis and a yield of 0.5%.

Institutional Investors Weigh In On Main Sector Rotation ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Continuum Advisory LLC acquired a new stake in shares of Main Sector Rotation ETF during the 2nd quarter valued at approximately $30,000. Compass Financial Management LLC bought a new position in Main Sector Rotation ETF in the 2nd quarter worth about $35,000. NewEdge Advisors LLC bought a new position in Main Sector Rotation ETF in the 1st quarter worth approximately $52,000. EverSource Wealth Advisors LLC increased its holdings in shares of Main Sector Rotation ETF by 99.8% during the first quarter. EverSource Wealth Advisors LLC now owns 6,384 shares of the company’s stock valued at $386,000 after purchasing an additional 3,189 shares during the period. Finally, Silver Grove Financial Group Inc. increased its stake in 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 buying an additional 18,488 shares during the period.

Main Sector Rotation ETF Company Profile

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.