ProShares S&P 500 Aristocrats ETF (BATS:NOBL) Reaches New 12-Month High – Still a Buy?

ProShares S&P 500 Aristocrats ETF (BATS:NOBL) reached a new 52-week high on Wednesday . The company traded as high as $58.01 and last traded at $57.51, with a volume of 1183216 shares changing hands. The stock had previously closed at $57.29.

ProShares S&P 500 Aristocrats ETF Trading Up 0.4%

The firm has a fifty day simple moving average of $54.61 and a two-hundred day simple moving average of $54.44. The firm has a market cap of $6.52 billion, a PE ratio of 21.15 and a beta of 0.87.

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

A number of institutional investors and hedge funds have recently made changes to their positions in NOBL. Wells Fargo & Company MN increased its stake in ProShares S&P 500 Aristocrats ETF by 9.5% during the 4th quarter. Wells Fargo & Company MN now owns 1,901,775 shares of the company’s stock valued at $197,918,000 after purchasing an additional 164,781 shares in the last quarter. Cliftonlarsonallen Wealth Advisors LLC lifted its holdings in shares of ProShares S&P 500 Aristocrats ETF by 0.7% in the fourth 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 purchased a new position in shares of ProShares S&P 500 Aristocrats ETF during the third quarter valued at about $103,070,000. Rockland Trust Co. grew its holdings in ProShares S&P 500 Aristocrats ETF by 5.1% during the 4th quarter. Rockland Trust Co. now owns 702,651 shares of the company’s stock valued at $73,125,000 after buying an additional 34,022 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its position in ProShares S&P 500 Aristocrats ETF by 24.0% in the second quarter. BNP Paribas Financial Markets now owns 400,200 shares of the company’s stock worth $40,300,000 after purchasing an additional 77,488 shares during the last quarter.

ProShares S&P 500 Aristocrats ETF Company Profile

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.