Main Sector Rotation ETF (BATS:SECT) Reaches New 52-Week High – Time to Buy?

Main Sector Rotation ETF (BATS:SECT) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $73.44 and last traded at $73.30, with a volume of 1537 shares. The stock had previously closed at $72.66.

Main Sector Rotation ETF Stock Up 0.7%

The firm has a 50 day moving average price of $71.06 and a 200 day moving average price of $67.20. The stock has a market capitalization of $2.66 billion, a PE ratio of 25.03 and a beta of 0.95.

Institutional Investors Weigh In On Main Sector Rotation ETF

A number of institutional investors and hedge funds have recently bought and sold shares of SECT. Silver Grove Financial Group Inc. lifted its position 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 in the last quarter. Main Management LLC increased its position in shares of 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 acquiring an additional 15,041 shares during the last quarter. NewEdge Advisors LLC bought a new stake in Main Sector Rotation ETF during the first quarter worth $52,000. EverSource Wealth Advisors LLC boosted its position in Main Sector Rotation ETF by 99.8% in the first quarter. EverSource Wealth Advisors LLC now owns 6,384 shares of the company’s stock worth $386,000 after purchasing an additional 3,189 shares during the last quarter. Finally, Virtue Capital Management LLC boosted its position in Main Sector Rotation ETF by 1,216.5% in the fourth quarter. Virtue Capital Management LLC now owns 59,807 shares of the company’s stock worth $3,865,000 after purchasing an additional 55,264 shares during the last quarter.

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.