Main Sector Rotation ETF (BATS:SECT) Trading 1.7% Higher – Still a Buy?

Main Sector Rotation ETF (BATS:SECT)’s stock price rose 1.7% on Monday . The company traded as high as $72.56 and last traded at $72.50. 205,998 shares traded hands during mid-day trading, an increase of 78% from the average session volume of 115,751 shares. The stock had previously closed at $71.31.

Main Sector Rotation ETF Stock Up 1.7%

The firm has a market cap of $2.62 billion, a PE ratio of 25.03 and a beta of 0.95. The company’s fifty day moving average price is $71.45 and its two-hundred day moving average price is $68.60.

Main Sector Rotation ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a $0.0902 dividend. The ex-dividend date was Thursday, June 25th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.5%.

Institutional Investors Weigh In On Main Sector Rotation ETF

A number of large investors have recently added to or reduced their stakes in the business. Silver Grove Financial Group Inc. lifted its stake 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 buying an additional 18,488 shares in the last quarter. Main Management LLC increased its position in Main Sector Rotation ETF by 3.8% during the 4th quarter. Main Management LLC now owns 406,208 shares of the company’s stock worth $26,213,000 after purchasing an additional 15,041 shares in the last quarter. Compass Financial Management LLC acquired a new position in shares of Main Sector Rotation ETF in the second quarter valued at approximately $35,000. Continuum Advisory LLC acquired a new position in Main Sector Rotation ETF in the 2nd quarter valued at $30,000. Finally, NewEdge Advisors LLC acquired a new position in Main Sector Rotation ETF in the first quarter valued at $52,000.

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.