Main Sector Rotation ETF (BATS:SECT) Hits New 12-Month High – What’s Next?

Main Sector Rotation ETF (BATS:SECT)’s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $60.70 and last traded at $65.3140, with a volume of 89121 shares traded. The stock had previously closed at $60.37.

Main Sector Rotation ETF Price Performance

The business’s 50 day moving average is $63.88 and its two-hundred day moving average is $61.32. The firm has a market capitalization of $2.36 billion, a PE ratio of 25.03 and a beta of 0.95.

Main Sector Rotation ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 29th. Investors of record on Tuesday, December 23rd will be issued a dividend of $0.1041 per share. This represents a $0.42 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Tuesday, December 23rd.

Institutional Trading of Main Sector Rotation ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Advantage Trust Co raised its stake in shares of Main Sector Rotation ETF by 2.4% in the second quarter. Advantage Trust Co now owns 39,586 shares of the company’s stock worth $2,299,000 after purchasing an additional 921 shares during the last quarter. OLD Mission Capital LLC raised its position in shares of Main Sector Rotation ETF by 31.8% during the 1st quarter. OLD Mission Capital LLC now owns 8,888 shares of the company’s stock valued at $454,000 after purchasing an additional 2,145 shares during the period. JPMorgan Chase & Co. raised its stake in Main Sector Rotation ETF by 1,823.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,482 shares of the company’s stock valued at $219,000 after purchasing an additional 3,301 shares during the period. Arkadios Wealth Advisors purchased a new stake in Main Sector Rotation ETF during the 2nd quarter valued at approximately $219,000. Finally, Western Wealth Management LLC bought a new position in shares of Main Sector Rotation ETF during the third quarter worth $380,000.

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.