ProShares S&P 500 Ex-Technology ETF (NYSEARCA:SPXT) Trading Down 0.8% – Here’s Why

ProShares S&P 500 Ex-Technology ETF (NYSEARCA:SPXTGet Free Report) shares traded down 0.8% during mid-day trading on Tuesday . The stock traded as low as $110.52 and last traded at $110.52. 10,056 shares traded hands during trading, a decline of 43% from the average session volume of 17,735 shares. The stock had previously closed at $111.39.

ProShares S&P 500 Ex-Technology ETF Price Performance

The stock has a market capitalization of $284.04 million, a price-to-earnings ratio of 22.39 and a beta of 0.85. The stock has a 50-day moving average of $110.89 and a 200 day moving average of $107.76.

Institutional Investors Weigh In On ProShares S&P 500 Ex-Technology ETF

Several institutional investors have recently modified their holdings of the business. Bank of America Corp DE acquired a new stake in ProShares S&P 500 Ex-Technology ETF during the 2nd quarter worth $1,081,000. Ascentis Independent Advisors lifted its stake in shares of 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 purchasing an additional 10,464 shares during the period. Jane Street Group LLC acquired a new position in shares of ProShares S&P 500 Ex-Technology ETF in the 4th quarter valued at $865,000. Susquehanna International Group LLP boosted its position in shares of ProShares S&P 500 Ex-Technology ETF by 64.4% in the 3rd quarter. Susquehanna International Group LLP now owns 9,449 shares of the company’s stock worth $952,000 after purchasing an additional 3,703 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of ProShares S&P 500 Ex-Technology ETF by 9.8% during the first quarter. Goldman Sachs Group Inc. now owns 28,561 shares of the company’s stock worth $2,602,000 after purchasing an additional 2,560 shares during the period.

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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