Main Sector Rotation ETF (BATS:SECT – Get Free Report) shares reached a new 52-week high during trading on Monday . The company traded as high as $69.21 and last traded at $69.21, with a volume of 2286 shares changing hands. The stock had previously closed at $68.96.
Main Sector Rotation ETF Stock Performance
The business has a 50-day simple moving average of $63.47 and a 200 day simple moving average of $63.99. The firm has a market cap of $2.51 billion, a P/E ratio of 25.03 and a beta of 0.95.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in SECT. Advantage Trust Co grew its holdings in shares of Main Sector Rotation ETF by 14.5% during the 3rd quarter. Advantage Trust Co now owns 45,327 shares of the company’s stock worth $2,857,000 after acquiring an additional 5,741 shares during the period. Western Wealth Management LLC purchased a new stake in shares of Main Sector Rotation ETF in the 3rd quarter worth approximately $380,000. JPMorgan Chase & Co. grew its stake in shares of Main Sector Rotation ETF by 1,823.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,482 shares of the company’s stock worth $219,000 after buying an additional 3,301 shares during the last quarter. Flow Traders U.S. LLC purchased a new stake in shares of Main Sector Rotation ETF in the 3rd quarter worth approximately $651,000. Finally, Keystone Financial Group purchased a new stake in shares of Main Sector Rotation ETF in the 3rd quarter worth approximately $627,000.
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.
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