Main Sector Rotation ETF (BATS:SECT) Sets New 1-Year High – What’s Next?

Main Sector Rotation ETF (BATS:SECT) shares hit a new 52-week high during trading on Friday . The stock traded as high as $66.12 and last traded at $66.12, with a volume of 3112 shares. The stock had previously closed at $65.11.

Main Sector Rotation ETF Stock Up 1.4%

The company’s fifty day simple moving average is $62.84 and its 200 day simple moving average is $63.67. The firm has a market capitalization of $2.39 billion, a PE ratio of 25.03 and a beta of 0.95.

Institutional Trading of Main Sector Rotation ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Farther Finance Advisors LLC lifted its holdings in shares of 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 during the last quarter. Fortis Group Advisors LLC purchased a new position in shares of Main Sector Rotation ETF during the fourth quarter valued at approximately $30,000. IFC & Insurance Marketing Inc. purchased a new position in shares of Main Sector Rotation ETF during the fourth quarter valued at approximately $42,000. Advantage Trust Co lifted its holdings in shares of 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 during the last quarter. Finally, Fiduciary Alliance LLC lifted its holdings in shares of Main Sector Rotation ETF by 3.6% during the fourth quarter. Fiduciary Alliance LLC now owns 37,885 shares of the company’s stock valued at $2,445,000 after purchasing an additional 1,314 shares during 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.