Main Sector Rotation ETF (BATS:SECT) Hits New 1-Year High – Here’s What Happened

Main Sector Rotation ETF (BATS:SECT) reached a new 52-week high during trading on Tuesday . The company traded as high as $60.70 and last traded at $64.19, with a volume of 89121 shares changing hands. The stock had previously closed at $60.37.

Main Sector Rotation ETF Stock Up 6.7%

The stock has a market capitalization of $2.33 billion, a PE ratio of 25.03 and a beta of 0.95. The business’s 50-day moving average is $64.29 and its two-hundred day moving average is $62.27.

Main Sector Rotation ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 29th. Stockholders of record on Tuesday, December 23rd were given a dividend of $0.1041 per share. The ex-dividend date was Tuesday, December 23rd. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.6%.

Institutional Trading of Main Sector Rotation ETF

A number of large investors have recently made changes to their positions in SECT. Flow Traders U.S. LLC acquired a new position in Main Sector Rotation ETF during the third quarter worth approximately $651,000. Keystone Financial Group acquired a new position in shares of Main Sector Rotation ETF in the 3rd quarter valued at $627,000. Western Wealth Management LLC acquired a new position in shares of Main Sector Rotation ETF in the 3rd quarter valued at $380,000. Advantage Trust Co raised its position in Main Sector Rotation ETF by 14.5% in the 3rd quarter. Advantage Trust Co now owns 45,327 shares of the company’s stock valued at $2,857,000 after purchasing an additional 5,741 shares during the last quarter. Finally, Arkadios Wealth Advisors acquired a new stake in Main Sector Rotation ETF during the 2nd quarter worth $219,000.

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.