Envestnet Asset Management Inc. Buys 12,510 Shares of ProShares S&P 500 EX-Financials ETF (NYSEARCA:SPXN)

Envestnet Asset Management Inc. grew its stake in ProShares S&P 500 EX-Financials ETF (NYSEARCA:SPXN) by 67.3% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,105 shares of the company’s stock after purchasing an additional 12,510 shares during the quarter. Envestnet Asset Management Inc.’s holdings in ProShares S&P 500 EX-Financials ETF were worth $1,842,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. increased its position in shares of ProShares S&P 500 EX-Financials ETF by 2.0% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 12,233 shares of the company’s stock valued at $724,000 after acquiring an additional 240 shares during the last quarter. LPL Financial LLC increased its position in shares of ProShares S&P 500 EX-Financials ETF by 0.7% during the fourth quarter. LPL Financial LLC now owns 40,489 shares of the company’s stock valued at $2,549,000 after acquiring an additional 270 shares during the last quarter. Investors Research Corp increased its position in shares of ProShares S&P 500 EX-Financials ETF by 8.6% during the first quarter. Investors Research Corp now owns 16,777 shares of the company’s stock valued at $994,000 after acquiring an additional 1,323 shares during the last quarter. Finally, Bank of America Corp DE increased its position in shares of ProShares S&P 500 EX-Financials ETF by 3,530.9% during the fourth quarter. Bank of America Corp DE now owns 1,997 shares of the company’s stock valued at $126,000 after acquiring an additional 1,942 shares during the last quarter.

ProShares S&P 500 EX-Financials ETF Trading Down 0.1%

Shares of SPXN opened at $68.13 on Thursday. The company has a market capitalization of $57.91 million, a price-to-earnings ratio of 27.35 and a beta of 1.01. The stock has a 50 day moving average of $65.39 and a 200 day moving average of $62.52. ProShares S&P 500 EX-Financials ETF has a 12 month low of $51.42 and a 12 month high of $68.66.

ProShares S&P 500 EX-Financials ETF Profile

The ProShares S&P 500 ex-Financials ETF (SPXN) is an exchange-traded fund that is based on the S&P 500 Ex-Financials & Real Estate index, a market-cap-weighted index of US large-cap stocks, excluding firms in the financial and real estate sectors. SPXN was launched on Sep 22, 2015 and is managed by ProShares.