Silver Grove Financial Group Inc. Raises Stock Position in Main Sector Rotation ETF $SECT

Silver Grove Financial Group Inc. grew its holdings in shares of Main Sector Rotation ETF (BATS:SECT) by 13.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 156,398 shares of the company’s stock after buying an additional 18,488 shares during the quarter. Main Sector Rotation ETF makes up 8.7% of Silver Grove Financial Group Inc.’s portfolio, making the stock its largest position. Silver Grove Financial Group Inc.’s holdings in Main Sector Rotation ETF were worth $10,092,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its holdings in shares of Main Sector Rotation ETF by 1,823.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,482 shares of the company’s stock valued at $219,000 after purchasing an additional 3,301 shares during the period. Flow Traders U.S. LLC bought a new stake in shares of Main Sector Rotation ETF in the 3rd quarter valued at about $651,000. Keystone Financial Group bought a new stake in shares of Main Sector Rotation ETF in the 3rd quarter valued at about $627,000. Fiduciary Alliance LLC raised its holdings in shares of Main Sector Rotation ETF by 3.6% in the 4th quarter. Fiduciary Alliance LLC now owns 37,885 shares of the company’s stock valued at $2,445,000 after purchasing an additional 1,314 shares during the period. Finally, Farther Finance Advisors LLC raised its holdings in shares of Main Sector Rotation ETF by 2.7% in the 4th quarter. Farther Finance Advisors LLC now owns 7,683 shares of the company’s stock valued at $496,000 after purchasing an additional 200 shares during the period.

Main Sector Rotation ETF Stock Performance

Shares of SECT stock opened at $71.53 on Wednesday. The firm’s 50-day moving average is $68.00 and its 200-day moving average is $65.31. The stock has a market cap of $2.59 billion, a price-to-earnings ratio of 25.03 and a beta of 0.95. Main Sector Rotation ETF has a 52-week low of $55.15 and a 52-week high of $72.47.

Main Sector Rotation ETF 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.