Main Sector Rotation ETF (BATS:SECT) Sets 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 stock traded as high as $60.70 and last traded at $65.2910, with a volume of 89121 shares traded. The stock had previously closed at $60.37.

Main Sector Rotation ETF Stock Performance

The stock has a 50-day simple moving average of $64.51 and a 200 day simple moving average of $62.55. The stock has a market capitalization of $2.36 billion, a P/E ratio of 25.03 and a beta of 0.95.

Main Sector Rotation ETF Cuts Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in SECT. Advantage Trust Co boosted its stake in shares of Main Sector Rotation ETF by 14.5% in the 3rd quarter. Advantage Trust Co now owns 45,327 shares of the company’s stock valued at $2,857,000 after purchasing an additional 5,741 shares during the last quarter. Fiduciary Alliance LLC grew its position in shares of Main Sector Rotation ETF by 3.6% during the 4th quarter. Fiduciary Alliance LLC now owns 37,885 shares of the company’s stock worth $2,445,000 after buying an additional 1,314 shares during the period. Flow Traders U.S. LLC acquired a new position in Main Sector Rotation ETF during the third quarter valued at approximately $651,000. Keystone Financial Group acquired a new position in shares of Main Sector Rotation ETF in the 3rd quarter valued at $627,000. Finally, Farther Finance Advisors LLC grew its position in shares of 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 period.

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.