Main Sector Rotation ETF (BATS:SECT) Reaches New 52-Week High – Here’s Why

Main Sector Rotation ETF (BATS:SECT) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $60.70 and last traded at $63.6850, with a volume of 89121 shares. The stock had previously closed at $60.37.

Main Sector Rotation ETF Price Performance

The firm’s 50-day moving average is $62.73 and its 200-day moving average is $58.82. The company has a market capitalization of $2.31 billion, a P/E ratio of 25.03 and a beta of 0.95.

Main Sector Rotation ETF Dividend Announcement

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%.

Hedge Funds Weigh In On Main Sector Rotation ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its stake in shares of Main Sector Rotation ETF by 1,823.8% in the third quarter. JPMorgan Chase & Co. now owns 3,482 shares of the company’s stock worth $219,000 after buying an additional 3,301 shares during the period. Western Wealth Management LLC bought a new position in shares of Main Sector Rotation ETF during the 3rd quarter valued at approximately $380,000. Advantage Trust Co increased its holdings in Main Sector Rotation ETF by 14.5% in the 3rd quarter. Advantage Trust Co now owns 45,327 shares of the company’s stock worth $2,857,000 after acquiring an additional 5,741 shares in the last quarter. Arkadios Wealth Advisors bought a new stake in Main Sector Rotation ETF during the 2nd quarter worth approximately $219,000. Finally, OLD Mission Capital LLC raised its stake in 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 worth $454,000 after acquiring an additional 2,145 shares during the period.

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.