Main Management LLC increased its position in shares of Main Sector Rotation ETF (BATS:SECT – Free Report) by 3.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 406,208 shares of the company’s stock after acquiring an additional 15,041 shares during the period. Main Sector Rotation ETF makes up about 1.9% of Main Management LLC’s holdings, making the stock its 13th biggest position. Main Management LLC owned 1.12% of Main Sector Rotation ETF worth $26,213,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Flow Traders U.S. LLC bought a new stake in Main Sector Rotation ETF during the 3rd quarter worth approximately $651,000. Keystone Financial Group bought a new stake in Main Sector Rotation ETF during the 3rd quarter worth approximately $627,000. JPMorgan Chase & Co. increased its holdings in Main Sector Rotation ETF by 1,823.8% during the 3rd 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. Fortis Group Advisors LLC bought a new stake in Main Sector Rotation ETF during the 4th quarter worth approximately $30,000. Finally, Advantage Trust Co increased its holdings in 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 acquiring an additional 1,312 shares during the period.
Main Sector Rotation ETF Stock Performance
Main Sector Rotation ETF stock opened at $71.35 on Monday. The firm’s 50 day simple moving average is $65.53 and its 200 day simple moving average is $64.62. The firm has a market capitalization of $2.58 billion, a PE ratio of 25.03 and a beta of 0.95. Main Sector Rotation ETF has a 1-year low of $53.83 and a 1-year high of $71.38.
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.
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