ProShares S&P 500 Ex-Technology ETF (NYSEARCA:SPXT) Trading Up 1.1% – Here’s Why

ProShares S&P 500 Ex-Technology ETF (NYSEARCA:SPXT) rose 1.1% during mid-day trading on Tuesday . The stock traded as high as $110.52 and last traded at $110.31. 17,144 shares traded hands during trading, a decline of 8% from the average daily volume of 18,558 shares. The stock had previously closed at $109.15.

ProShares S&P 500 Ex-Technology ETF Price Performance

The firm has a market capitalization of $275.31 million, a P/E ratio of 22.39 and a beta of 0.86. The company’s 50-day simple moving average is $108.53 and its two-hundred day simple moving average is $106.70.

Hedge Funds Weigh In On ProShares S&P 500 Ex-Technology ETF

A number of institutional investors have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. purchased a new position in ProShares S&P 500 Ex-Technology ETF during the third quarter valued at $30,000. AMJ Financial Wealth Management increased its position in ProShares S&P 500 Ex-Technology ETF by 14.5% in the fourth quarter. AMJ Financial Wealth Management now owns 4,094 shares of the company’s stock worth $425,000 after buying an additional 518 shares in the last quarter. Osaic Holdings Inc. increased its position in ProShares S&P 500 Ex-Technology ETF by 365.2% in the fourth quarter. Osaic Holdings Inc. now owns 1,470 shares of the company’s stock worth $153,000 after buying an additional 1,154 shares in the last quarter. Betterment LLC bought a new position in shares of ProShares S&P 500 Ex-Technology ETF in the fourth quarter worth about $230,000. Finally, LPL Financial LLC raised its stake in shares of ProShares S&P 500 Ex-Technology ETF by 40.7% in the fourth quarter. LPL Financial LLC now owns 7,686 shares of the company’s stock worth $798,000 after buying an additional 2,224 shares during the period.

About ProShares S&P 500 Ex-Technology ETF

The ProShares S&P 500 ex-Technology ETF (SPXT) is an exchange-traded fund that is based on the S&P 500 Ex-Information Technology index, a market-cap-weighted index of US large-cap stocks, excluding firms in the technology sector. SPXT was launched on Sep 22, 2015 and is managed by ProShares.