ProShares S&P 500 Aristocrats ETF (BATS:NOBL) Sets New 12-Month High – Should You Buy?

ProShares S&P 500 Aristocrats ETF (BATS:NOBLGet Free Report) hit a new 52-week high on Tuesday . The company traded as high as $114.08 and last traded at $114.0970, with a volume of 312262 shares. The stock had previously closed at $113.27.

ProShares S&P 500 Aristocrats ETF Stock Performance

The stock has a fifty day simple moving average of $107.15 and a two-hundred day simple moving average of $104.60. The stock has a market capitalization of $12.93 billion, a price-to-earnings ratio of 21.15 and a beta of 0.87.

Hedge Funds Weigh In On ProShares S&P 500 Aristocrats ETF

Several institutional investors have recently added to or reduced their stakes in NOBL. Cresset Asset Management LLC grew its stake in shares of ProShares S&P 500 Aristocrats ETF by 4.5% in the 2nd quarter. Cresset Asset Management LLC now owns 1,800,861 shares of the company’s stock worth $182,337,000 after acquiring an additional 76,806 shares in the last quarter. Cliftonlarsonallen Wealth Advisors LLC lifted its position in shares of ProShares S&P 500 Aristocrats ETF by 0.7% during the 4th quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 1,316,853 shares of the company’s stock worth $137,045,000 after buying an additional 8,930 shares in the last quarter. Capitolis Liquid Global Markets LLC bought a new position in shares of ProShares S&P 500 Aristocrats ETF during the 3rd quarter worth approximately $103,070,000. Rockland Trust Co. boosted its stake in shares of ProShares S&P 500 Aristocrats ETF by 5.1% in the 4th quarter. Rockland Trust Co. now owns 702,651 shares of the company’s stock worth $73,125,000 after buying an additional 34,022 shares during the last quarter. Finally, IAM Advisory LLC grew its holdings in shares of ProShares S&P 500 Aristocrats ETF by 2.1% in the third quarter. IAM Advisory LLC now owns 673,207 shares of the company’s stock valued at $69,387,000 after acquiring an additional 13,634 shares in the last quarter.

ProShares S&P 500 Aristocrats ETF Company Profile

(Get Free Report)

The ProShares S&P 500 Dividend Aristocrats ETF (NOBL) is an exchange-traded fund that is based on the S&P 500 Dividend Aristocrats index. The fund tracks an equal-weighted index of S&P 500 constituents that have increased dividend payments annually for at least 25 years. NOBL was launched on Oct 9, 2013 and is managed by ProShares.

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