Main Sector Rotation ETF (BATS:SECT) Sets New 1-Year High – Still a Buy?

Main Sector Rotation ETF (BATS:SECT) reached a new 52-week high during trading on Wednesday . The company traded as high as $73.44 and last traded at $73.30, with a volume of 1537 shares changing hands. The stock had previously closed at $72.66.

Main Sector Rotation ETF Price Performance

The company has a market cap of $2.63 billion, a PE ratio of 25.03 and a beta of 0.95. The company’s 50 day simple moving average is $71.00 and its two-hundred day simple moving average is $67.09.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of SECT. Main Management LLC raised its holdings in shares of Main Sector Rotation ETF by 3.8% in the 4th quarter. Main Management LLC now owns 406,208 shares of the company’s stock valued at $26,213,000 after buying an additional 15,041 shares during the period. Silver Grove Financial Group Inc. grew its position in Main Sector Rotation ETF by 13.4% in the 4th quarter. Silver Grove Financial Group Inc. now owns 156,398 shares of the company’s stock valued at $10,092,000 after acquiring an additional 18,488 shares in the last quarter. 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 valued at $3,865,000 after acquiring an additional 55,264 shares in the last quarter. Advantage Trust Co increased 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. Finally, Flow Traders U.S. LLC purchased a new stake in Main Sector Rotation ETF during the third quarter worth about $651,000.

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.