Fiduciary Alliance LLC Trims Stock Position in Main Sector Rotation ETF $SECT

Fiduciary Alliance LLC cut its holdings in Main Sector Rotation ETF (BATS:SECT) by 35.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 24,635 shares of the company’s stock after selling 13,250 shares during the period. Fiduciary Alliance LLC owned 0.07% of Main Sector Rotation ETF worth $1,604,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in SECT. Farther Finance Advisors LLC lifted its stake in shares of Main Sector Rotation ETF by 2.7% in the 4th quarter. Farther Finance Advisors LLC now owns 7,683 shares of the company’s stock valued at $496,000 after purchasing an additional 200 shares during the last quarter. Fortis Group Advisors LLC purchased a new position in Main Sector Rotation ETF during the fourth quarter worth about $30,000. IFC & Insurance Marketing Inc. purchased a new position in Main Sector Rotation ETF during the fourth quarter worth about $42,000. Advantage Trust Co increased its position in shares of Main Sector Rotation ETF by 2.9% during the fourth quarter. Advantage Trust Co now owns 46,639 shares of the company’s stock valued at $3,010,000 after acquiring an additional 1,312 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Main Sector Rotation ETF by 1,823.8% during the third quarter. JPMorgan Chase & Co. now owns 3,482 shares of the company’s stock valued at $219,000 after acquiring an additional 3,301 shares during the last quarter.

Main Sector Rotation ETF Stock Performance

Main Sector Rotation ETF stock opened at $71.00 on Friday. The company’s 50 day simple moving average is $69.19 and its 200-day simple moving average is $65.67. Main Sector Rotation ETF has a 1 year low of $57.16 and a 1 year high of $72.66. The company has a market capitalization of $2.57 billion, a price-to-earnings ratio of 25.03 and a beta of 0.95.

Main Sector Rotation ETF 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.