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

Main Sector Rotation ETF (BATS:SECT)’s stock price hit a new 52-week high on Monday . The stock traded as high as $60.70 and last traded at $65.0350, with a volume of 89121 shares. The stock had previously closed at $60.37.

Main Sector Rotation ETF Stock Performance

The stock’s 50-day moving average is $64.00 and its 200 day moving average is $61.64. The stock has a market capitalization of $2.36 billion, a PE ratio of 25.03 and a beta of 0.95.

Main Sector Rotation ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 29th. Investors of record on Tuesday, December 23rd were given a $0.1041 dividend. The ex-dividend date of this dividend was Tuesday, December 23rd. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.6%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in SECT. Advantage Trust Co grew its position in shares of Main Sector Rotation ETF by 2.4% during the second quarter. Advantage Trust Co now owns 39,586 shares of the company’s stock worth $2,299,000 after acquiring an additional 921 shares during the last quarter. Arkadios Wealth Advisors purchased a new stake in Main Sector Rotation ETF in the 2nd quarter valued at $219,000. Western Wealth Management LLC acquired a new stake in Main Sector Rotation ETF during the 3rd quarter worth $380,000. JPMorgan Chase & Co. grew its position in Main Sector Rotation ETF by 1,823.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,482 shares of the company’s stock worth $219,000 after purchasing an additional 3,301 shares during the last quarter. Finally, Flow Traders U.S. LLC purchased a new position in Main Sector Rotation ETF during the 3rd quarter worth $651,000.

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. SECT was launched on Sep 5, 2017 and is managed by Main Funds.