Main Sector Rotation ETF (BATS:SECT) Sets New 1-Year High – Still a Buy?

Main Sector Rotation ETF (BATS:SECT) shares reached a new 52-week high on Monday . The stock traded as high as $60.70 and last traded at $64.7690, with a volume of 89121 shares traded. The stock had previously closed at $60.37.

Main Sector Rotation ETF Trading Up 6.6%

The company has a market cap of $2.33 billion, a price-to-earnings ratio of 25.03 and a beta of 0.95. The firm’s fifty day moving average price is $64.82 and its 200-day moving average price is $62.77.

Main Sector Rotation ETF Cuts Dividend

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

Hedge Funds Weigh In On Main Sector Rotation ETF

Institutional investors have recently modified their holdings of the business. Advantage Trust Co grew its position in shares of Main Sector Rotation ETF by 2.4% in the 2nd quarter. Advantage Trust Co now owns 39,586 shares of the company’s stock valued at $2,299,000 after purchasing an additional 921 shares during the period. Arkadios Wealth Advisors acquired a new position in shares of Main Sector Rotation ETF in the second quarter valued at approximately $219,000. Western Wealth Management LLC bought a new stake in shares of Main Sector Rotation ETF during the third quarter worth $380,000. JPMorgan Chase & Co. raised its holdings 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 worth $219,000 after acquiring an additional 3,301 shares during the period. Finally, Flow Traders U.S. LLC acquired a new stake in shares of Main Sector Rotation ETF during the third quarter worth $651,000.

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.