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

Main Sector Rotation ETF (BATS:SECT)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $70.65 and last traded at $70.56, with a volume of 11020 shares changing hands. The stock had previously closed at $70.43.

Main Sector Rotation ETF Price Performance

The company has a market capitalization of $2.58 billion, a price-to-earnings ratio of 25.03 and a beta of 0.95. The stock has a fifty day simple moving average of $65.53 and a 200-day simple moving average of $64.61.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of SECT. Main Management LLC raised its stake in shares of Main Sector Rotation ETF by 3.8% during the 4th quarter. Main Management LLC now owns 406,208 shares of the company’s stock worth $26,213,000 after buying an additional 15,041 shares during the period. Silver Grove Financial Group Inc. raised its stake in shares of Main Sector Rotation ETF by 13.4% during the 4th quarter. Silver Grove Financial Group Inc. now owns 156,398 shares of the company’s stock worth $10,092,000 after buying an additional 18,488 shares during the period. Virtue Capital Management LLC raised its stake in shares of Main Sector Rotation ETF by 1,216.5% during the 4th quarter. Virtue Capital Management LLC now owns 59,807 shares of the company’s stock worth $3,865,000 after buying an additional 55,264 shares during the period. Advantage Trust Co raised its stake in shares of Main Sector Rotation ETF by 2.9% during the 4th quarter. Advantage Trust Co now owns 46,639 shares of the company’s stock worth $3,010,000 after buying an additional 1,312 shares during the period. Finally, Fiduciary Alliance LLC raised its stake 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.

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.