Main Sector Rotation ETF (BATS:SECT) Declares $0.08 Quarterly Dividend

Main Sector Rotation ETF (BATS:SECT) declared a quarterly dividend on Wednesday, September 23rd. Investors of record on Thursday, September 24th will be paid a dividend of 0.0776 per share on Tuesday, September 29th. This represents a c) dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Thursday, September 24th.

Main Sector Rotation ETF Stock Down 0.6%

BATS SECT traded down $0.44 during trading on Thursday, hitting $71.72. The stock had a trading volume of 9,596 shares, compared to its average volume of 115,133. The company has a market capitalization of $2.59 billion, a PE ratio of 25.03 and a beta of 0.95. The firm has a 50 day moving average price of $71.49 and a 200 day moving average price of $68.72. Main Sector Rotation ETF has a twelve month low of $58.39 and a twelve month high of $73.68.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Main Management LLC grew its holdings in Main Sector Rotation ETF by 3.8% during the 4th quarter. Main Management LLC now owns 406,208 shares of the company’s stock worth $26,213,000 after acquiring an additional 15,041 shares in the last quarter. Silver Grove Financial Group Inc. increased its holdings in shares of Main Sector Rotation ETF by 13.4% in the fourth 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 period. EverSource Wealth Advisors LLC raised its holdings in 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 worth $386,000 after purchasing an additional 3,189 shares in the last quarter. NewEdge Advisors LLC acquired a new stake in Main Sector Rotation ETF in the first quarter valued at $52,000. Finally, Compass Financial Management LLC acquired a new stake in shares of Main Sector Rotation ETF in the 2nd quarter worth approximately $35,000.

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.