Main Sector Rotation ETF (BATS:SECT) Hits New 52-Week High – What’s Next?

Main Sector Rotation ETF (BATS:SECT)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $60.70 and last traded at $65.0350, with a volume of 89121 shares trading hands. The stock had previously closed at $60.37.

Main Sector Rotation ETF Trading Up 8.0%

The business has a fifty day moving average price of $64.00 and a two-hundred day moving average price of $61.64. The firm has a market capitalization of $2.36 billion, a PE ratio of 25.03 and a beta of 0.95.

Main Sector Rotation ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 29th. Stockholders of record on Tuesday, December 23rd were given a dividend of $0.1041 per share. This represents a $0.42 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Tuesday, December 23rd.

Institutional Trading of Main Sector Rotation ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Arkadios Wealth Advisors purchased a new position in Main Sector Rotation ETF in the second quarter valued at $219,000. Advantage Trust Co raised its position in 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 in the last quarter. JPMorgan Chase & Co. raised its position in Main Sector Rotation ETF by 1,823.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,482 shares of the company’s stock valued at $219,000 after purchasing an additional 3,301 shares in the last quarter. Keystone Financial Group purchased a new position in shares of Main Sector Rotation ETF in the 3rd quarter valued at about $627,000. Finally, Western Wealth Management LLC acquired a new position in shares of Main Sector Rotation ETF during the third quarter worth about $380,000.

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.