Main Sector Rotation ETF (BATS:SECT) Sets New 52-Week High – Should You Buy?

Main Sector Rotation ETF (BATS:SECT) shares reached a new 52-week high on Tuesday . The company traded as high as $72.76 and last traded at $72.76, with a volume of 20367 shares traded. The stock had previously closed at $71.03.

Main Sector Rotation ETF Price Performance

The stock’s 50-day moving average price is $70.82 and its 200-day moving average price is $66.76. The company has a market cap of $2.63 billion, a P/E ratio of 25.03 and a beta of 0.95.

Institutional Trading of Main Sector Rotation ETF

A number of institutional investors have recently bought and sold shares of SECT. Fortis Group Advisors LLC acquired a new position in shares of Main Sector Rotation ETF during the 4th quarter worth approximately $30,000. IFC & Insurance Marketing Inc. acquired a new stake in shares of Main Sector Rotation ETF in the fourth quarter valued at approximately $42,000. NewEdge Advisors LLC bought a new stake in shares of Main Sector Rotation ETF in the first quarter valued at approximately $52,000. JPMorgan Chase & Co. boosted 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 valued at $219,000 after buying an additional 3,301 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Main Sector Rotation ETF by 99.8% in the first quarter. EverSource Wealth Advisors LLC now owns 6,384 shares of the company’s stock valued at $386,000 after buying an additional 3,189 shares during the period.

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.