Main Sector Rotation ETF (BATS:SECT) Shares Up 5.2% – Here’s What Happened

Shares of Main Sector Rotation ETF (BATS:SECT) shot up 5.2% during mid-day trading on Monday . The company traded as high as $60.70 and last traded at $63.52. 89,121 shares traded hands during trading, a decline of 23% from the average session volume of 116,163 shares. The stock had previously closed at $60.37.

Main Sector Rotation ETF Stock Performance

The business’s 50-day moving average price is $61.63 and its 200-day moving average price is $57.05. The stock has a market cap of $2.30 billion, a P/E ratio of 25.03 and a beta of 0.95.

Main Sector Rotation ETF Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Tuesday, September 23rd were given a dividend of $0.1049 per share. The ex-dividend date of this dividend was Tuesday, September 23rd. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.7%.

Institutional Trading of Main Sector Rotation ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Advantage Trust Co raised its position in shares of Main Sector Rotation ETF by 130.6% during the 1st quarter. Advantage Trust Co now owns 38,665 shares of the company’s stock valued at $1,974,000 after purchasing an additional 21,900 shares during the period. Rosenberg Matthew Hamilton bought a new stake in shares of Main Sector Rotation ETF during the 1st quarter valued at $71,000. OLD Mission Capital LLC raised its position in shares of Main Sector Rotation ETF by 31.8% during the 1st quarter. OLD Mission Capital LLC now owns 8,888 shares of the company’s stock valued at $454,000 after purchasing an additional 2,145 shares during the period. Finally, Arkadios Wealth Advisors bought a new stake in shares of Main Sector Rotation ETF during the 2nd quarter valued at $219,000.

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.