ProShares S&P 500 ex-Technology ETF

SPXT

Market cap $239M

Launched on September 22, 2015, the ProShares S&P 500 Ex-Technology ETF (SPXT) is a passively managed exchange traded fund designed to provide a broad exposure to the Large Cap Blend segment of the US equity market.

The ProShares S&P 500 Ex-Technology ETF (SPXT) was launched on 09/22/2015, and is a passively managed exchange traded fund designed to offer broad exposure to the Large Cap Blend segment of the US equity market.

Designed to provide broad exposure to the Large Cap Blend segment of the US equity market, the ProShares S&P 500 Ex-Technology ETF (SPXT) is a passively managed exchange traded fund launched on 09/22/2015.

SPXT is essentially the S&P 500 index, minus the roughly 65 technology stocks in that index. Tech has led the market for years, resulting in SPXT lagging behind for 60 consecutive 3-year periods. That makes it very unpopular. SPXT is still too expensive to make a strong bull case for, but it is showing early signs of competing better. I rate it a hold.

For investors seeking momentum, ProShares S&P 500 Ex-Technology ETF SPXT is probably on the radar. The fund just hit a 52-week high and is up 23.56% from its 52-week low price of $78/share.

Designed to provide broad exposure to the Large Cap Blend segment of the US equity market, the ProShares S&P 500 Ex-Technology ETF (SPXT) is a passively managed exchange traded fund launched on 09/22/2015.