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

Main Sector Rotation ETF (BATS:SECT)’s stock price hit a new 52-week high on Monday . The stock traded as high as $72.39 and last traded at $72.39, with a volume of 20415 shares changing hands. The stock had previously closed at $70.73.

Main Sector Rotation ETF Stock Down 0.6%

The firm has a market cap of $2.57 billion, a PE ratio of 25.03 and a beta of 0.95. The firm’s fifty day simple moving average is $68.00 and its two-hundred day simple moving average is $65.31.

Hedge Funds Weigh In On Main Sector Rotation ETF

Large investors have recently added to or reduced their stakes in the company. Silver Grove Financial Group Inc. lifted its holdings in Main Sector Rotation ETF by 13.4% during the fourth quarter. Silver Grove Financial Group Inc. now owns 156,398 shares of the company’s stock valued at $10,092,000 after purchasing an additional 18,488 shares in the last quarter. Main Management LLC lifted its holdings in Main Sector Rotation ETF by 3.8% during the fourth quarter. Main Management LLC now owns 406,208 shares of the company’s stock valued at $26,213,000 after purchasing an additional 15,041 shares in the last quarter. Advantage Trust Co lifted its holdings in Main Sector Rotation ETF by 2.9% during the fourth quarter. Advantage Trust Co now owns 46,639 shares of the company’s stock valued at $3,010,000 after purchasing an additional 1,312 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in Main Sector Rotation ETF by 2.7% during the fourth 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 in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Main Sector Rotation ETF by 1,823.8% during the third quarter. JPMorgan Chase & Co. now owns 3,482 shares of the company’s stock valued at $219,000 after purchasing an additional 3,301 shares in the last quarter.

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.