Main Sector Rotation ETF (BATS:SECT) Hits New 12-Month High – Here’s Why

Main Sector Rotation ETF (BATS:SECT) shares hit a new 52-week high during trading on Monday . The company traded as high as $72.39 and last traded at $72.39, with a volume of 20415 shares. The stock had previously closed at $70.73.

Main Sector Rotation ETF Price Performance

The stock has a market cap of $2.61 billion, a P/E ratio of 25.03 and a beta of 0.95. The business’s 50 day simple moving average is $67.57 and its 200 day simple moving average is $65.19.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC lifted its stake in 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 worth $496,000 after purchasing an additional 200 shares during the period. Fortis Group Advisors LLC bought a new position in Main Sector Rotation ETF during the fourth quarter worth about $30,000. IFC & Insurance Marketing Inc. bought a new position in Main Sector Rotation ETF during the fourth quarter worth about $42,000. NewEdge Advisors LLC bought a new position in Main Sector Rotation ETF during the first quarter worth about $52,000. Finally, Advantage Trust Co lifted its stake in Main Sector Rotation ETF by 2.9% during the fourth quarter. Advantage Trust Co now owns 46,639 shares of the company’s stock worth $3,010,000 after purchasing an additional 1,312 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.