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

Shares of Main Sector Rotation ETF (BATS:SECT) hit a new 52-week high on Thursday . The stock traded as high as $70.65 and last traded at $70.56, with a volume of 11020 shares traded. The stock had previously closed at $70.43.

Main Sector Rotation ETF Stock Performance

The firm has a market capitalization of $2.56 billion, a PE ratio of 25.03 and a beta of 0.95. The company has a fifty day simple moving average of $65.16 and a two-hundred day simple moving average of $64.51.

Institutional Investors Weigh In On Main Sector Rotation ETF

A number of hedge funds have recently made changes to their positions in the stock. Main Management LLC lifted its stake in shares of Main Sector Rotation ETF by 3.8% during the 4th quarter. Main Management LLC now owns 406,208 shares of the company’s stock worth $26,213,000 after purchasing an additional 15,041 shares during the last quarter. Silver Grove Financial Group Inc. lifted its stake in shares of Main Sector Rotation ETF by 13.4% during the 4th quarter. Silver Grove Financial Group Inc. now owns 156,398 shares of the company’s stock worth $10,092,000 after purchasing an additional 18,488 shares during the last quarter. Virtue Capital Management LLC lifted its stake in shares of Main Sector Rotation ETF by 1,216.5% during the 4th quarter. Virtue Capital Management LLC now owns 59,807 shares of the company’s stock worth $3,865,000 after purchasing an additional 55,264 shares during the last quarter. Advantage Trust Co lifted its stake in shares of Main Sector Rotation ETF by 2.9% during the 4th quarter. Advantage Trust Co now owns 46,639 shares of the company’s stock worth $3,010,000 after purchasing an additional 1,312 shares during the last quarter. Finally, Fiduciary Alliance LLC lifted its stake in shares of Main Sector Rotation ETF by 3.6% during the 4th quarter. Fiduciary Alliance LLC now owns 37,885 shares of the company’s stock worth $2,445,000 after purchasing an additional 1,314 shares during 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.