Main Sector Rotation ETF (BATS:SECT) Shares Up 5.3% – Time to Buy?

Main Sector Rotation ETF (BATS:SECT) rose 5.3% on Friday . The stock traded as high as $55.79 and last traded at $57.52. Approximately 163,894 shares traded hands during trading, The stock had previously closed at $54.64.

Main Sector Rotation ETF Stock Up 5.3 %

The firm’s 50 day moving average is $56.32 and its two-hundred day moving average is $54.57. The company has a market cap of $1.92 billion, a P/E ratio of 21.56 and a beta of 1.03.

Institutional Investors Weigh In On Main Sector Rotation ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Advantage Trust Co purchased a new position in Main Sector Rotation ETF during the 4th quarter valued at about $921,000. OLD Mission Capital LLC bought a new stake in shares of Main Sector Rotation ETF in the fourth quarter worth about $371,000. Main Management LLC raised its holdings in Main Sector Rotation ETF by 1.4% in the 3rd quarter. Main Management LLC now owns 412,524 shares of the company’s stock worth $22,181,000 after purchasing an additional 5,785 shares in the last quarter. Natixis Advisors LLC raised its position in shares of Main Sector Rotation ETF by 19.1% in the 3rd quarter. Natixis Advisors LLC now owns 13,086 shares of the company’s stock worth $704,000 after acquiring an additional 2,098 shares in the last quarter. Finally, Continuum Advisory LLC purchased a new position in Main Sector Rotation ETF during the 3rd quarter valued at about $29,000.

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.