Main Sector Rotation ETF (BATS:SECT) Sets New 52-Week High – Here’s What Happened

Shares of Main Sector Rotation ETF (BATS:SECT) hit a new 52-week high during trading on Monday . The stock traded as high as $60.70 and last traded at $64.7690, with a volume of 89121 shares traded. The stock had previously closed at $60.37.

Main Sector Rotation ETF Price Performance

The company has a fifty day moving average of $64.74 and a two-hundred day moving average of $62.69. The stock has a market capitalization of $2.36 billion, a P/E ratio of 25.03 and a beta of 0.95.

Main Sector Rotation ETF Cuts Dividend

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

Hedge Funds Weigh In On Main Sector Rotation ETF

Hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its stake in Main Sector Rotation ETF by 1,823.8% during the third quarter. JPMorgan Chase & Co. now owns 3,482 shares of the company’s stock valued at $219,000 after purchasing an additional 3,301 shares during the last quarter. Arkadios Wealth Advisors acquired a new position in shares of Main Sector Rotation ETF in the 2nd quarter valued at about $219,000. Western Wealth Management LLC acquired a new position in shares of Main Sector Rotation ETF in the 3rd quarter valued at about $380,000. Farther Finance Advisors LLC grew its position in shares of Main Sector Rotation ETF by 2.7% during the 4th quarter. Farther Finance Advisors LLC now owns 7,683 shares of the company’s stock valued at $496,000 after buying an additional 200 shares during the last quarter. Finally, Keystone Financial Group bought a new stake in shares of Main Sector Rotation ETF during the 3rd quarter valued at about $627,000.

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.