Main Sector Rotation ETF (BATS:SECT) Hits New 52-Week High – Time to Buy?

Main Sector Rotation ETF (BATS:SECT)’s stock price reached a new 52-week high on Friday . The stock traded as high as $69.76 and last traded at $69.75, with a volume of 1111 shares changing hands. The stock had previously closed at $69.31.

Main Sector Rotation ETF Price Performance

The firm has a 50 day simple moving average of $64.52 and a two-hundred day simple moving average of $64.33. The stock has a market cap of $2.52 billion, a price-to-earnings ratio of 25.03 and a beta of 0.95.

Institutional Investors Weigh In On Main Sector Rotation ETF

Large investors have recently modified their holdings of the business. Fortis Group Advisors LLC bought a new stake in shares of Main Sector Rotation ETF in the fourth quarter worth about $30,000. IFC & Insurance Marketing Inc. bought a new stake in shares of Main Sector Rotation ETF in the fourth quarter worth about $42,000. JPMorgan Chase & Co. increased its holdings 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 worth $219,000 after acquiring an additional 3,301 shares in the last quarter. Western Wealth Management LLC bought a new stake in shares of Main Sector Rotation ETF in the third quarter worth about $380,000. Finally, EverSource Wealth Advisors LLC increased its holdings 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 worth $386,000 after acquiring an additional 3,189 shares in the last quarter.

Main Sector Rotation ETF Company Profile

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.