Main Sector Rotation ETF to Issue Quarterly Dividend of $0.08 (BATS:SECT)

Main Sector Rotation ETF (BATS:SECT) announced a quarterly dividend on Wednesday, September 23rd. Stockholders of record on Thursday, September 24th will be paid a dividend of 0.0776 per share on Tuesday, September 29th. This represents a c) dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Thursday, September 24th.

Main Sector Rotation ETF Trading Down 0.6%

SECT stock traded down $0.44 during mid-day trading on Thursday, reaching $71.72. The company’s stock had a trading volume of 9,596 shares, compared to its average volume of 115,133. The company’s 50 day moving average is $71.49 and its two-hundred day moving average is $68.72. Main Sector Rotation ETF has a fifty-two week low of $58.39 and a fifty-two week high of $73.68. The stock has a market cap of $2.59 billion, a PE ratio of 25.03 and a beta of 0.95.

Institutional Trading of Main Sector Rotation ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Main Management LLC raised its holdings in 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. boosted its stake in Main Sector Rotation ETF by 13.4% during the fourth quarter. Silver Grove Financial Group Inc. now owns 156,398 shares of the company’s stock worth $10,092,000 after buying an additional 18,488 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of Main Sector Rotation ETF by 99.8% during the first quarter. EverSource Wealth Advisors LLC now owns 6,384 shares of the company’s stock valued at $386,000 after acquiring an additional 3,189 shares during the last quarter. NewEdge Advisors LLC purchased a new stake in shares of Main Sector Rotation ETF in the 1st quarter valued at approximately $52,000. Finally, Compass Financial Management LLC purchased a new stake in shares of Main Sector Rotation ETF in the 2nd quarter valued at approximately $35,000.

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.