Main Sector Rotation ETF (BATS:SECT) Sets New 12-Month High – Still a Buy?

Main Sector Rotation ETF (BATS:SECT)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as $60.70 and last traded at $64.71, with a volume of 89121 shares. The stock had previously closed at $60.37.

Main Sector Rotation ETF Stock Up 6.8%

The stock has a market capitalization of $2.33 billion, a P/E ratio of 25.03 and a beta of 0.95. The company has a fifty day simple moving average of $63.36 and a two-hundred day simple moving average of $60.28.

Main Sector Rotation ETF Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Tuesday, September 23rd were issued a $0.1049 dividend. This represents a $0.42 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Tuesday, September 23rd.

Hedge Funds Weigh In On Main Sector Rotation ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Keystone Financial Group acquired a new stake in shares of Main Sector Rotation ETF in the 3rd quarter valued at about $627,000. Flow Traders U.S. LLC bought a new position in shares of Main Sector Rotation ETF during the 3rd quarter worth approximately $651,000. JPMorgan Chase & Co. grew its stake in shares of 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 in 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. Finally, 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 worth $2,857,000 after purchasing an additional 5,741 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.