Shares of Main Sector Rotation ETF (BATS:SECT – Get Free Report) reached a new 52-week high during trading on Tuesday . The stock traded as high as $67.41 and last traded at $67.31, with a volume of 4164 shares trading hands. The stock had previously closed at $66.77.
Main Sector Rotation ETF Stock Up 1.2%
The firm has a market capitalization of $2.44 billion, a price-to-earnings ratio of 25.03 and a beta of 0.95. The firm’s 50 day moving average is $63.23 and its 200 day moving average is $63.88.
Institutional Trading of Main Sector Rotation ETF
Several institutional investors and hedge funds have recently added to or reduced their stakes in SECT. Advantage Trust Co lifted its stake in Main Sector Rotation ETF by 14.5% during the third quarter. Advantage Trust Co now owns 45,327 shares of the company’s stock valued at $2,857,000 after purchasing an additional 5,741 shares during the last quarter. Western Wealth Management LLC purchased a new stake in shares of Main Sector Rotation ETF in the 3rd quarter valued at approximately $380,000. JPMorgan Chase & Co. lifted 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 in the last quarter. Flow Traders U.S. LLC purchased a new stake in shares of Main Sector Rotation ETF in the 3rd quarter valued at approximately $651,000. Finally, Keystone Financial Group purchased a new stake in shares of Main Sector Rotation ETF in the 3rd quarter valued at approximately $627,000.
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.
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