Main Sector Rotation ETF (BATS:SECT) Reaches New 12-Month High – Time to Buy?

Main Sector Rotation ETF (BATS:SECT)’s share price reached a new 52-week high on Monday . The stock traded as high as $69.21 and last traded at $69.21, with a volume of 2286 shares traded. The stock had previously closed at $68.96.

Main Sector Rotation ETF Trading Up 0.5%

The company has a market cap of $2.51 billion, a PE ratio of 25.03 and a beta of 0.95. The firm has a 50 day moving average of $63.47 and a two-hundred day moving average of $63.99.

Institutional Trading of Main Sector Rotation ETF

Several hedge funds and other institutional investors have recently made changes to their positions in SECT. Virtue Capital Management LLC grew its stake in shares of Main Sector Rotation ETF by 1,216.5% in 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 last quarter. Silver Grove Financial Group Inc. grew its stake in shares of Main Sector Rotation ETF by 13.4% in 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 last quarter. Main Management LLC grew its stake in shares of Main Sector Rotation ETF by 3.8% in 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 last quarter. Flow Traders U.S. LLC bought a new position in Main Sector Rotation ETF in the 3rd quarter valued at approximately $651,000. Finally, Keystone Financial Group bought a new position in Main Sector Rotation ETF in the 3rd quarter valued at approximately $627,000.

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.