Main Sector Rotation ETF (BATS:SECT) Sets New 12-Month High – Here’s Why

by · The Markets Daily

Shares of Main Sector Rotation ETF (BATS:SECT – Get Free Report) hit a new 52-week high on Monday . The stock traded as high as $60.70 and last traded at $64.7460, with a volume of 89121 shares trading hands. The stock had previously closed at $60.37.

Main Sector Rotation ETF Stock Performance

The company has a market capitalization of $2.33 billion, a PE ratio of 25.03 and a beta of 0.95. The stock’s fifty day simple moving average is $63.51 and its 200-day simple moving average is $60.65.

Main Sector Rotation ETF Dividend Announcement

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

Hedge Funds Weigh In On Main Sector Rotation ETF

Several institutional investors have recently added to or reduced their stakes in the business. Arkadios Wealth Advisors purchased a new position in Main Sector Rotation ETF during the second quarter worth approximately $219,000. Advantage Trust Co boosted its holdings in Main Sector Rotation ETF by 2.4% in the second quarter. Advantage Trust Co now owns 39,586 shares of the company’s stock valued at $2,299,000 after acquiring an additional 921 shares during the last quarter. OLD Mission Capital LLC grew its position in Main Sector Rotation ETF by 31.8% during the first quarter. OLD Mission Capital LLC now owns 8,888 shares of the company’s stock valued at $454,000 after acquiring an additional 2,145 shares during the period. Keystone Financial Group acquired a new stake in Main Sector Rotation ETF during the third quarter worth about $627,000. Finally, Flow Traders U.S. LLC purchased a new position in shares of Main Sector Rotation ETF in the 3rd quarter worth about $651,000.

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.

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