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

Main Sector Rotation ETF (BATS:SECT) shares reached a new 52-week high on Tuesday . The stock traded as high as $67.41 and last traded at $67.31, with a volume of 4164 shares. The stock had previously closed at $66.77.

Main Sector Rotation ETF Trading Up 1.2%

The business’s 50-day moving average is $63.23 and its two-hundred day moving average is $63.88. The firm has a market cap of $2.44 billion, a P/E ratio of 25.03 and a beta of 0.95.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. grew its position in Main Sector Rotation ETF by 1,823.8% in 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. Keystone Financial Group bought a new position in Main Sector Rotation ETF in the 3rd quarter worth about $627,000. Flow Traders U.S. LLC bought a new position in Main Sector Rotation ETF in the 3rd quarter worth about $651,000. Virtue Capital Management LLC grew its position in Main Sector Rotation ETF by 1,216.5% in the 4th quarter. Virtue Capital Management LLC now owns 59,807 shares of the company’s stock worth $3,865,000 after purchasing an additional 55,264 shares during the last quarter. Finally, Fortis Group Advisors LLC bought a new position in Main Sector Rotation ETF in the 4th quarter worth about $30,000.

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.