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

Main Sector Rotation ETF (BATS:SECT) shares reached a new 52-week high on Monday . The stock traded as high as $72.47 and last traded at $72.47, with a volume of 2975 shares traded. The stock had previously closed at $71.94.

Main Sector Rotation ETF Trading Up 0.3%

The company’s 50 day moving average price is $68.59 and its two-hundred day moving average price is $65.48. The firm has a market cap of $2.61 billion, a PE ratio of 25.03 and a beta of 0.95.

Hedge Funds Weigh In On Main Sector Rotation ETF

Institutional investors have recently bought and sold shares of the stock. Silver Grove Financial Group Inc. lifted 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 worth $10,092,000 after buying an additional 18,488 shares in the last quarter. Main Management LLC grew its stake in Main Sector Rotation ETF by 3.8% during the fourth quarter. Main Management LLC now owns 406,208 shares of the company’s stock valued at $26,213,000 after acquiring an additional 15,041 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake 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 valued at $386,000 after acquiring an additional 3,189 shares in the last quarter. Virtue Capital Management LLC increased its holdings in Main Sector Rotation ETF by 1,216.5% in the 4th quarter. Virtue Capital Management LLC now owns 59,807 shares of the company’s stock valued at $3,865,000 after acquiring an additional 55,264 shares during the last quarter. Finally, IFC & Insurance Marketing Inc. bought a new stake in Main Sector Rotation ETF in the 4th quarter valued at $42,000.

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.