Main Sector Rotation ETF (BATS:SECT) Hits New 52-Week High – Time to Buy?

Shares of Main Sector Rotation ETF (BATS:SECT) reached a new 52-week high on Friday . The company traded as high as $69.76 and last traded at $69.75, with a volume of 1111 shares trading hands. The stock had previously closed at $69.31.

Main Sector Rotation ETF Stock Up 0.7%

The stock has a 50 day simple moving average of $64.52 and a two-hundred day simple moving average of $64.33. The stock has a market capitalization of $2.52 billion, a P/E ratio of 25.03 and a beta of 0.95.

Institutional Trading of Main Sector Rotation ETF

A number of hedge funds have recently made changes to their positions in SECT. Advantage Trust Co lifted its position in shares of Main Sector Rotation ETF by 14.5% in the third quarter. Advantage Trust Co now owns 45,327 shares of the company’s stock valued at $2,857,000 after buying an additional 5,741 shares during the last quarter. Western Wealth Management LLC acquired a new stake in shares of Main Sector Rotation ETF in the third 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 third quarter. JPMorgan Chase & Co. now owns 3,482 shares of the company’s stock valued at $219,000 after buying an additional 3,301 shares during the last quarter. Flow Traders U.S. LLC acquired a new stake in Main Sector Rotation ETF during the 3rd quarter worth approximately $651,000. Finally, Keystone Financial Group acquired a new stake in Main Sector Rotation ETF during the 3rd quarter worth 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.