ProShares S&P 500 Ex-Technology ETF (NYSEARCA:SPXT) Stock Jumps 0.6% – What’s Next?

ProShares S&P 500 Ex-Technology ETF (NYSEARCA:SPXT)’s share price rose 0.6% during trading on Tuesday. The company traded as high as $111.91 and last traded at $111.49. Approximately 14,678 shares changed hands during mid-day trading, a decline of 16% from the average daily volume of 17,558 shares. The stock had previously closed at $110.86.

ProShares S&P 500 Ex-Technology ETF Price Performance

The stock has a market cap of $304.37 million, a P/E ratio of 22.39 and a beta of 0.86. The company has a fifty day moving average price of $110.35 and a 200 day moving average price of $108.89.

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

Large investors have recently modified their holdings of the company. Hengehold Capital Management LLC acquired a new stake in ProShares S&P 500 Ex-Technology ETF in the 3rd quarter valued at $257,000. Armstrong Advisory Group Inc. raised its holdings in ProShares S&P 500 Ex-Technology ETF by 2.7% during the third quarter. Armstrong Advisory Group Inc. now owns 5,493 shares of the company’s stock worth $588,000 after buying an additional 144 shares during the last quarter. Finally, Ascentis Independent Advisors raised its holdings in ProShares S&P 500 Ex-Technology ETF by 87.4% during the first quarter. Ascentis Independent Advisors now owns 22,443 shares of the company’s stock worth $2,274,000 after buying an additional 10,464 shares during the last quarter.

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.