Main Sector Rotation ETF (BATS:SECT) Stock Price Down 0.7% – Should You Sell?

Main Sector Rotation ETF (BATS:SECT – Get Free Report)’s share price dropped 0.7% on Monday. The company traded as low as $70.07 and last traded at $70.10. 157,950 shares were traded during mid-day trading, an increase of 37% from the average daily volume of 115,199 shares. The stock had previously closed at $70.58.

Main Sector Rotation ETF Stock Down 0.7%

The stock has a market capitalization of $2.53 billion, a price-to-earnings ratio of 25.03 and a beta of 0.95. The stock’s 50-day simple moving average is $71.71 and its 200 day simple moving average is $68.39.

Main Sector Rotation ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Thursday, September 24th were issued a $0.0776 dividend. The ex-dividend date of this dividend was Thursday, September 24th. This represents a $0.31 dividend on an annualized basis and a yield of 0.4%. This is a decrease from Main Sector Rotation ETF’s previous quarterly dividend of $0.0902.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in SECT. EverSource Wealth Advisors LLC boosted its stake in shares of Main Sector Rotation ETF by 99.8% in the first quarter. EverSource Wealth Advisors LLC now owns 6,384 shares of the company’s stock valued at $386,000 after buying an additional 3,189 shares during the period. Compass Financial Management LLC bought a new position in Main Sector Rotation ETF during the 2nd quarter worth $35,000. NewEdge Advisors LLC bought a new position in Main Sector Rotation ETF during the 1st quarter worth $52,000. Putney Financial Group LLC bought a new position in Main Sector Rotation ETF during the 3rd quarter worth $188,000. Finally, Continuum Advisory LLC acquired a new position in Main Sector Rotation ETF in the 2nd quarter valued at $30,000.

About Main Sector Rotation ETF

(Get Free Report)

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.

Further Reading

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