Main Sector Rotation ETF (BATS:SECT) Hits New 1-Year High – What’s Next?

Main Sector Rotation ETF (BATS:SECT)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $60.70 and last traded at $65.0350, with a volume of 89121 shares traded. The stock had previously closed at $60.37.

Main Sector Rotation ETF Stock Performance

The firm has a market capitalization of $2.38 billion, a price-to-earnings ratio of 25.03 and a beta of 0.95. The business’s 50-day moving average is $64.02 and its two-hundred day moving average is $61.77.

Main Sector Rotation ETF Cuts Dividend

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

Institutional Trading of Main Sector Rotation ETF

A number of large investors have recently made changes to their positions in SECT. Arkadios Wealth Advisors bought a new stake in shares of Main Sector Rotation ETF in the second quarter worth about $219,000. JPMorgan Chase & Co. raised its holdings 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 buying an additional 3,301 shares during the period. Western Wealth Management LLC bought a new position in Main Sector Rotation ETF in the third quarter valued at approximately $380,000. Keystone Financial Group bought a new position in Main Sector Rotation ETF in the third quarter valued at approximately $627,000. Finally, Flow Traders U.S. LLC acquired a new position in shares of Main Sector Rotation ETF in the third quarter valued at approximately $651,000.

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.