ProShares S&P 500 Ex-Technology ETF (NYSEARCA:SPXT) Stock Price Up 0.2% – Still a Buy?

ProShares S&P 500 Ex-Technology ETF (NYSEARCA:SPXTGet Free Report)’s share price were up 0.2% during trading on Tuesday . The stock traded as high as $113.74 and last traded at $111.94. Approximately 6,082 shares changed hands during mid-day trading, a decline of 67% from the average daily volume of 18,257 shares. The stock had previously closed at $111.70.

ProShares S&P 500 Ex-Technology ETF Stock Performance

The company has a market cap of $287.69 million, a P/E ratio of 22.39 and a beta of 0.86. The stock has a 50-day simple moving average of $109.67 and a 200 day simple moving average of $107.25.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Ascentis Independent Advisors increased its holdings in ProShares S&P 500 Ex-Technology ETF by 87.4% in the 1st quarter. Ascentis Independent Advisors now owns 22,443 shares of the company’s stock valued at $2,274,000 after buying an additional 10,464 shares during the period. EP Wealth Advisors LLC bought a new position in shares of ProShares S&P 500 Ex-Technology ETF during the 4th quarter worth about $239,000. Osaic Holdings Inc. lifted its holdings in shares of ProShares S&P 500 Ex-Technology ETF by 365.2% during the 4th quarter. Osaic Holdings Inc. now owns 1,470 shares of the company’s stock worth $153,000 after acquiring an additional 1,154 shares during the period. Jane Street Group LLC acquired a new stake in shares of ProShares S&P 500 Ex-Technology ETF during the 4th quarter valued at about $865,000. Finally, Commonwealth Equity Services LLC bought a new stake in ProShares S&P 500 Ex-Technology ETF in the fourth quarter valued at about $248,000.

ProShares S&P 500 Ex-Technology ETF Company Profile

(Get Free Report)

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.

Further Reading

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