Shares of ProShares S&P 500 Ex-Technology ETF (NYSEARCA:SPXT – Get Free Report) traded up 0.6% during mid-day trading on Tuesday. The stock traded as high as $111.91 and last traded at $111.49. Approximately 14,678 shares were traded during mid-day trading, a decline of 16% from the average session volume of 17,558 shares. The stock had previously closed at $110.86.
ProShares S&P 500 Ex-Technology ETF Price Performance
The firm has a market cap of $304.93 million, a price-to-earnings ratio of 22.39 and a beta of 0.86. The stock has a 50-day moving average of $110.31 and a 200-day moving average of $109.03.
Hedge Funds Weigh In On ProShares S&P 500 Ex-Technology ETF
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Armstrong Advisory Group Inc. grew its holdings in shares of ProShares S&P 500 Ex-Technology ETF by 2.7% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 5,493 shares of the company’s stock worth $588,000 after purchasing an additional 144 shares in the last quarter. Hengehold Capital Management LLC bought a new position in shares of ProShares S&P 500 Ex-Technology ETF in the third quarter worth $257,000. Cardinal Point Capital Management ULC bought a new position in shares of ProShares S&P 500 Ex-Technology ETF in the third quarter worth $552,000. Finally, Ascentis Independent Advisors increased its position in shares of ProShares S&P 500 Ex-Technology ETF by 87.4% in the first quarter. Ascentis Independent Advisors now owns 22,443 shares of the company’s stock worth $2,274,000 after purchasing an additional 10,464 shares during the period.
ProShares S&P 500 Ex-Technology ETF Company Profile
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.
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