Main Sector Rotation ETF (BATS:SECT) Reaches New 12-Month High – What’s Next?

Main Sector Rotation ETF (BATS:SECT) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $66.71 and last traded at $66.49, with a volume of 12972 shares changing hands. The stock had previously closed at $66.56.

Main Sector Rotation ETF Price Performance

The firm has a market cap of $2.41 billion, a price-to-earnings ratio of 25.03 and a beta of 0.95. The company has a 50-day moving average price of $63.04 and a 200 day moving average price of $63.77.

Hedge Funds Weigh In On Main Sector Rotation ETF

A number of large investors have recently made changes to their positions in SECT. Fortis Group Advisors LLC purchased a new stake in shares of Main Sector Rotation ETF in the fourth quarter worth approximately $30,000. IFC & Insurance Marketing Inc. purchased a new position in Main Sector Rotation ETF during the fourth quarter valued at approximately $42,000. JPMorgan Chase & Co. increased its stake 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 valued at $219,000 after buying an additional 3,301 shares during the period. Western Wealth Management LLC acquired a new position in Main Sector Rotation ETF in the 3rd quarter valued at approximately $380,000. Finally, Farther Finance Advisors LLC lifted 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 buying an additional 200 shares in 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.