Main Sector Rotation ETF (BATS:SECT) Shares Down 0.7% – Here’s Why

Main Sector Rotation ETF (BATS:SECT – Get Free Report) dropped 0.7% on Monday. The company traded as low as $70.07 and last traded at $70.10. 157,950 shares changed hands during mid-day trading, an increase of 37% from the average daily volume of 115,199 shares. The stock had previously closed at $70.58.

Main Sector Rotation ETF Price Performance

The stock’s 50-day moving average is $71.69 and its 200-day moving average is $68.45. The stock has a market cap of $2.57 billion, a price-to-earnings ratio of 25.03 and a beta of 0.95.

Main Sector Rotation ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Thursday, September 24th were paid a $0.0776 dividend. The ex-dividend date was Thursday, September 24th. This is a decrease from Main Sector Rotation ETF’s previous quarterly dividend of $0.0902. This represents a $0.31 annualized dividend and a yield of 0.4%.

Institutional Trading of Main Sector Rotation ETF

A number of hedge funds have recently added to or reduced their stakes in SECT. EverSource Wealth Advisors LLC increased its position in 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 worth $386,000 after purchasing an additional 3,189 shares during the last quarter. Putney Financial Group LLC purchased a new position in Main Sector Rotation ETF during the third quarter worth approximately $188,000. NewEdge Advisors LLC acquired a new position in shares of Main Sector Rotation ETF in the 1st quarter valued at $52,000. Compass Financial Management LLC acquired a new position in shares of Main Sector Rotation ETF in the 2nd quarter valued at $35,000. Finally, Continuum Advisory LLC purchased a new stake in shares of Main Sector Rotation ETF during the 2nd quarter valued at $30,000.

About Main Sector Rotation ETF

(Get Free Report)

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.

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