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

Main Sector Rotation ETF (BATS:SECT) shares traded down 0.7% on Monday. The stock traded as low as $70.07 and last traded at $70.10. 157,950 shares traded hands during 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 Price Performance

The stock has a fifty day moving average of $71.71 and a 200 day moving average of $68.39. The firm has a market capitalization of $2.53 billion, a P/E ratio of 25.03 and a beta of 0.95.

Main Sector Rotation ETF Cuts Dividend

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

Institutional Investors Weigh In On Main Sector Rotation ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Putney Financial Group LLC purchased a new position in shares of Main Sector Rotation ETF during the third quarter valued at about $188,000. Compass Financial Management LLC purchased a new position in shares of Main Sector Rotation ETF during the 2nd quarter worth approximately $35,000. Continuum Advisory LLC bought a new position in shares of Main Sector Rotation ETF in the 2nd quarter worth approximately $30,000. NewEdge Advisors LLC bought a new position in shares of Main Sector Rotation ETF in the 1st quarter worth approximately $52,000. Finally, EverSource Wealth Advisors LLC raised its position in shares of Main Sector Rotation ETF by 99.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 6,384 shares of the company’s stock worth $386,000 after acquiring an additional 3,189 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.