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

Shares of ProShares S&P 500 Ex-Technology ETF (NYSEARCA:SPXT) traded up 0.2% on Tuesday . The stock traded as high as $113.74 and last traded at $111.94. Approximately 6,082 shares traded 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 Up 0.2%

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

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

A number of institutional investors have recently modified their holdings of SPXT. Bank of America Corp DE bought a new stake in shares of ProShares S&P 500 Ex-Technology ETF during the second quarter valued at approximately $1,081,000. Ascentis Independent Advisors raised its position 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 worth $2,274,000 after purchasing an additional 10,464 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of ProShares S&P 500 Ex-Technology ETF in the 4th quarter valued at $865,000. Susquehanna International Group LLP raised its position in shares of ProShares S&P 500 Ex-Technology ETF by 64.4% during the third quarter. Susquehanna International Group LLP now owns 9,449 shares of the company’s stock worth $952,000 after acquiring an additional 3,703 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its position 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 acquiring an additional 2,560 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.