Main Sector Rotation ETF (BATS:SECT) Hits New 12-Month High – Here’s Why

Main Sector Rotation ETF (BATS:SECT)’s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $72.39 and last traded at $72.39, with a volume of 20415 shares changing hands. The stock had previously closed at $70.73.

Main Sector Rotation ETF Stock Performance

The firm’s 50-day moving average is $67.57 and its two-hundred day moving average is $65.19. The stock has a market cap of $2.61 billion, a P/E ratio of 25.03 and a beta of 0.95.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of SECT. 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 worth $219,000 after purchasing an additional 3,301 shares during the last quarter. Flow Traders U.S. LLC bought a new position in Main Sector Rotation ETF in the 3rd quarter worth approximately $651,000. Keystone Financial Group bought a new position in Main Sector Rotation ETF in the 3rd quarter worth approximately $627,000. Fiduciary Alliance LLC raised its position in Main Sector Rotation ETF by 3.6% in the 4th quarter. Fiduciary Alliance LLC now owns 37,885 shares of the company’s stock worth $2,445,000 after purchasing an additional 1,314 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its position in Main Sector Rotation ETF by 2.7% in the 4th quarter. Farther Finance Advisors LLC now owns 7,683 shares of the company’s stock worth $496,000 after purchasing an additional 200 shares during the last quarter.

About Main Sector Rotation ETF

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.