Main Sector Rotation ETF (BATS:SECT – Get Free Report) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $69.21 and last traded at $69.21, with a volume of 2286 shares. The stock had previously closed at $68.96.
Main Sector Rotation ETF Stock Performance
The firm’s 50-day moving average price is $63.76 and its two-hundred day moving average price is $64.11. The stock has a market cap of $2.49 billion, a price-to-earnings ratio of 25.03 and a beta of 0.95.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of SECT. Main Management LLC raised its holdings in Main Sector Rotation ETF by 3.8% in the 4th quarter. Main Management LLC now owns 406,208 shares of the company’s stock valued at $26,213,000 after buying an additional 15,041 shares during the period. Silver Grove Financial Group Inc. boosted its stake in shares of Main Sector Rotation ETF by 13.4% in the fourth quarter. Silver Grove Financial Group Inc. now owns 156,398 shares of the company’s stock valued at $10,092,000 after purchasing an additional 18,488 shares during the period. Virtue Capital Management LLC boosted its stake in shares of Main Sector Rotation ETF by 1,216.5% in the fourth quarter. Virtue Capital Management LLC now owns 59,807 shares of the company’s stock valued at $3,865,000 after purchasing an additional 55,264 shares during the period. Advantage Trust Co grew its holdings in shares of Main Sector Rotation ETF by 2.9% in the fourth quarter. Advantage Trust Co now owns 46,639 shares of the company’s stock valued at $3,010,000 after purchasing an additional 1,312 shares in the last quarter. Finally, Fiduciary Alliance LLC grew its holdings in shares of Main Sector Rotation ETF by 3.6% in the fourth quarter. Fiduciary Alliance LLC now owns 37,885 shares of the company’s stock valued at $2,445,000 after purchasing an additional 1,314 shares in the last quarter.
Main Sector Rotation ETF Company 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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