Main Sector Rotation ETF (BATS:SECT) Sets New 1-Year High – Still a Buy?

Main Sector Rotation ETF (BATS:SECT)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $60.70 and last traded at $62.0390, with a volume of 89121 shares. The stock had previously closed at $60.37.

Main Sector Rotation ETF Trading Up 4.4%

The company has a market capitalization of $2.28 billion, a price-to-earnings ratio of 25.03 and a beta of 0.95. The stock’s fifty day simple moving average is $63.13 and its 200-day simple moving average is $59.76.

Main Sector Rotation ETF Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Tuesday, September 23rd were paid a $0.1049 dividend. This represents a $0.42 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Tuesday, September 23rd.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Arkadios Wealth Advisors acquired a new stake in Main Sector Rotation ETF in the 2nd quarter valued at about $219,000. JPMorgan Chase & Co. raised its holdings in Main Sector Rotation ETF by 1,823.8% in the third quarter. JPMorgan Chase & Co. now owns 3,482 shares of the company’s stock valued at $219,000 after acquiring an additional 3,301 shares in the last quarter. Western Wealth Management LLC acquired a new stake in Main Sector Rotation ETF in the third quarter valued at approximately $380,000. OLD Mission Capital LLC lifted its stake in Main Sector Rotation ETF by 31.8% in the first quarter. OLD Mission Capital LLC now owns 8,888 shares of the company’s stock worth $454,000 after acquiring an additional 2,145 shares during the last quarter. Finally, Keystone Financial Group acquired a new position in Main Sector Rotation ETF during the 3rd quarter worth approximately $627,000.

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.