Main Sector Rotation ETF (BATS:SECT) Hits New 12-Month High – Still a Buy?

Main Sector Rotation ETF (BATS:SECT) shares hit a new 52-week high during trading on Monday . The company traded as high as $60.70 and last traded at $64.3890, with a volume of 89121 shares traded. The stock had previously closed at $60.37.

Main Sector Rotation ETF Stock Performance

The company has a market capitalization of $2.34 billion, a PE ratio of 25.03 and a beta of 0.95. The company’s fifty day moving average is $64.87 and its 200-day moving average is $62.95.

Main Sector Rotation ETF Cuts Dividend

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

Institutional Investors Weigh In On Main Sector Rotation ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Main Management LLC boosted its position in shares of Main Sector Rotation ETF by 3.8% during the fourth 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 during the last quarter. Flow Traders U.S. LLC bought a new stake in shares of Main Sector Rotation ETF in the third quarter worth about $651,000. Keystone Financial Group purchased a new stake in shares of Main Sector Rotation ETF in the third quarter worth about $627,000. Western Wealth Management LLC purchased a new stake in shares of Main Sector Rotation ETF during the 3rd quarter worth approximately $380,000. Finally, Advantage Trust Co raised 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 in the last quarter.

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.