Main Sector Rotation ETF (BATS:SECT) Sets New 1-Year High – Time to Buy?

Main Sector Rotation ETF (BATS:SECT) reached a new 52-week high on Monday . The company traded as high as $60.70 and last traded at $64.3890, with a volume of 89121 shares changing hands. The stock had previously closed at $60.37.

Main Sector Rotation ETF Trading Up 7.2%

The firm has a market capitalization of $2.34 billion, a price-to-earnings ratio of 25.03 and a beta of 0.95. The stock has a fifty day moving average price of $64.83 and a 200-day moving average price of $62.88.

Main Sector Rotation ETF Cuts Dividend

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

Institutional Trading of Main Sector Rotation ETF

Several large investors have recently added to or reduced their stakes in SECT. Fortis Group Advisors LLC acquired a new stake in shares of Main Sector Rotation ETF during the fourth quarter worth approximately $30,000. JPMorgan Chase & Co. grew its position in Main Sector Rotation ETF by 1,823.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,482 shares of the company’s stock worth $219,000 after acquiring an additional 3,301 shares during the last quarter. Arkadios Wealth Advisors acquired a new stake in Main Sector Rotation ETF during the 2nd quarter valued at $219,000. Western Wealth Management LLC acquired a new stake in Main Sector Rotation ETF during the 3rd quarter valued at $380,000. 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 valued at $496,000 after purchasing an additional 200 shares during 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.