Wedbush Securities Inc. Sells 105,569 Shares of ProShares S&P 500 Aristocrats ETF $NOBL

Wedbush Securities Inc. trimmed its stake in shares of ProShares S&P 500 Aristocrats ETF (BATS:NOBL) by 58.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,363 shares of the company’s stock after selling 105,569 shares during the quarter. Wedbush Securities Inc. owned 0.07% of ProShares S&P 500 Aristocrats ETF worth $4,077,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Grove Bank & Trust increased its stake in shares of ProShares S&P 500 Aristocrats ETF by 100.0% during the second quarter. Grove Bank & Trust now owns 440 shares of the company’s stock worth $25,000 after buying an additional 220 shares during the period. DiNuzzo Private Wealth Inc. grew its holdings in ProShares S&P 500 Aristocrats ETF by 100.0% during the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 456 shares of the company’s stock worth $26,000 after acquiring an additional 228 shares in the last quarter. CX Institutional increased its position in shares of ProShares S&P 500 Aristocrats ETF by 358.6% in the 2nd quarter. CX Institutional now owns 532 shares of the company’s stock valued at $30,000 after purchasing an additional 416 shares during the last quarter. Operose Advisors LLC increased its position in shares of ProShares S&P 500 Aristocrats ETF by 100.0% in the 2nd quarter. Operose Advisors LLC now owns 744 shares of the company’s stock valued at $42,000 after purchasing an additional 372 shares during the last quarter. Finally, Beaird Harris Wealth Management LLC raised its holdings in shares of ProShares S&P 500 Aristocrats ETF by 100.0% in the 2nd quarter. Beaird Harris Wealth Management LLC now owns 854 shares of the company’s stock valued at $48,000 after purchasing an additional 427 shares in the last quarter.

ProShares S&P 500 Aristocrats ETF Price Performance

Shares of NOBL traded down $0.62 during midday trading on Friday, reaching $58.32. The stock had a trading volume of 921,552 shares, compared to its average volume of 1,264,392. The company has a market cap of $6.61 billion, a price-to-earnings ratio of 21.15 and a beta of 0.87. The company’s fifty day simple moving average is $56.61 and its two-hundred day simple moving average is $55.77. ProShares S&P 500 Aristocrats ETF has a 1-year low of $50.12 and a 1-year high of $59.30.

ProShares S&P 500 Aristocrats ETF 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.