Main Sector Rotation ETF (BATS:SECT) Sets New 52-Week High – Here’s Why

Shares of Main Sector Rotation ETF (BATS:SECT) reached a new 52-week high on Monday . The stock traded as high as $60.70 and last traded at $65.7180, with a volume of 89121 shares. The stock had previously closed at $60.37.

Main Sector Rotation ETF Price Performance

The company has a market cap of $2.38 billion, a price-to-earnings ratio of 25.03 and a beta of 0.95. The stock has a 50-day moving average price of $64.09 and a 200 day moving average price of $61.96.

Main Sector Rotation ETF Cuts Dividend

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in SECT. Advantage Trust Co boosted its holdings in shares of 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 buying an additional 921 shares during the last quarter. Arkadios Wealth Advisors acquired a new stake in Main Sector Rotation ETF in the second quarter valued at $219,000. Western Wealth Management LLC bought a new position in shares of Main Sector Rotation ETF in the 3rd quarter valued at about $380,000. JPMorgan Chase & Co. grew its position in shares of 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 acquiring an additional 3,301 shares during the period. Finally, Flow Traders U.S. LLC acquired a new position in shares of Main Sector Rotation ETF during the 3rd quarter worth about $651,000.

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.