ProShares S&P 500 Ex-Technology ETF (SPXT)
ARCA ARCA Primary Summary
SPXT Chart
SPXT: No IT Exposure Means Weak Upside Capture, Outperformance Unlikely
I maintain the Hold rating on the ProShares S&P 500 Ex-Technology ETF. SPXT aims to address the S&P 500's IT sector concentration issue but falls short of delivering alpha. SPXT cannot fully eliminate tech-like exposures, and the removal of GICS IT names reduces upside capture, impairing cumulative and risk-adjusted returns.
Should ProShares S&P 500 Ex-Technology ETF (SPXT) Be on Your Investing Radar?
If you're interested in broad exposure to the Large Cap Blend segment of the US equity market, look no further than the ProShares S&P 500 Ex-Technology ETF (SPXT), a passively managed exchange traded fund launched on September 22, 2015.
Should ProShares S&P 500 Ex-Technology ETF (SPXT) Be on Your Investing Radar?
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.
ProShares S&P 500 Ex-Technology ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| TJD Thomas John Drogan PR Inc.IPAL SECURITIES Inc. | 7,586 | $821,235 | $836,053.06 | $14,818.06 | 1.8% |
| BZ Brandon Zatopek Commonwealth Equity Services LLC | 2,886 | $312,430 | $318,037.2 | $5,607.2 | 1.79% |
 Leonid Berline ARMSTRONG ADVISORY GROUP Inc. | 220,005 | $21.59M | $24.24M | $2.65M | 12.27% |
 Jay David Franklin Clarity Capital Advisors, LLC | 7,975 | $863,387 | $881,157.75 | $17,770.75 | 2.06% |
ProShares S&P 500 Ex-Technology ETF (SPXT) FAQ
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Does it pay dividends? What is the current yield?
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Has ProShares S&P 500 Ex-Technology ETF ever had a stock split?
ProShares S&P 500 Ex-Technology ETF Profile
| ARCA Exchange | US Country |
Overview
The presented company operates as an investment fund, focusing its investment strategy on replicating, to the extent possible, the performance of the S&P 500® Index, excluding companies within the Information Technology Sector. This unique approach allows the fund to provide its investors with a diversified investment option, targeting the stability and growth potential of the S&P 500, while reducing exposure to the specific risks associated with the technology sector. By committing at least 80% of its total assets to the component securities of the S&P 500 (excluding Information Technology companies), the fund aims to offer a balanced and potentially less volatile investment opportunity to its clientele.
Products and Services
The fund's principal products and services are designed to cater to investors who are looking for S&P 500 exposure with reduced technology sector risk. These include:
- S&P 500 Ex-Information Technology Exposure
This service offers investors exposure to the stability and growth potential of the S&P 500 Index while intentionally excluding stocks from the Information Technology Sector. This product is suitable for those who wish to avoid the potential volatility and risk associated with the tech sector.
- Asset Management Services
With a focus on managing investments efficiently and aiming for stability and growth, the fund provides asset management services that include portfolio management and investment strategy implementation. This service is tailored for investors who prefer a managed investment approach, seeking to navigate the complexities of the market while targeting specific investment outcomes.
