Main Sector Rotation ETF (BATS:SECT – Get Free Report)’s stock price traded up 1.7% during mid-day trading on Monday . The company traded as high as $72.56 and last traded at $72.50. 205,998 shares traded hands during trading, an increase of 78% from the average daily volume of 115,751 shares. The stock had previously closed at $71.31.
Main Sector Rotation ETF Trading Down 0.6%
The firm’s fifty day moving average is $71.47 and its 200-day moving average is $68.66. The stock has a market capitalization of $2.61 billion, a PE ratio of 25.03 and a beta of 0.95.
Hedge Funds Weigh In On Main Sector Rotation ETF
Large investors have recently made changes to their positions in the stock. Main Management LLC increased 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 purchasing an additional 15,041 shares during the last quarter. Silver Grove Financial Group Inc. lifted 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 purchasing an additional 18,488 shares in the last quarter. EverSource Wealth Advisors LLC boosted 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 worth $386,000 after buying an additional 3,189 shares during the period. NewEdge Advisors LLC purchased a new position in shares of Main Sector Rotation ETF during the first quarter worth $52,000. Finally, Compass Financial Management LLC acquired a new stake in shares of Main Sector Rotation ETF in the second quarter valued at $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.
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