ProShares S&P 500 Aristocrats ETF (BATS:NOBL) Hits New 52-Week High – Time to Buy?

Shares of ProShares S&P 500 Aristocrats ETF (BATS:NOBL) hit a new 52-week high during trading on Thursday. The stock traded as high as $61.98 and last traded at $61.8240, with a volume of 382,059 shares trading hands. The stock had previously closed at $61.29.

ProShares S&P 500 Aristocrats ETF Price Performance

The company has a 50 day moving average price of $56.79 and a two-hundred day moving average price of $55.75. The stock has a market cap of $6.78 billion, a PE ratio of 21.15 and a beta of 0.87.

Institutional Investors Weigh In On ProShares S&P 500 Aristocrats ETF

Several large investors have recently bought and sold shares of NOBL. Grove Bank & Trust boosted its holdings in shares of ProShares S&P 500 Aristocrats ETF by 100.0% during the 2nd quarter. Grove Bank & Trust now owns 440 shares of the company’s stock valued at $25,000 after acquiring an additional 220 shares during the last quarter. DiNuzzo Private Wealth Inc. raised its stake 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 valued at $26,000 after buying an additional 228 shares during the last quarter. Chapin Davis Inc. raised its stake in ProShares S&P 500 Aristocrats ETF by 1.3% during the 3rd quarter. Chapin Davis Inc. now owns 21,106 shares of the company’s stock valued at $1,142,000 after buying an additional 279 shares during the last quarter. Lifeworks Advisors LLC lifted its holdings in shares of ProShares S&P 500 Aristocrats ETF by 6.1% during the 1st quarter. Lifeworks Advisors LLC now owns 5,101 shares of the company’s stock valued at $541,000 after buying an additional 295 shares during the period. Finally, Russell Investments Group Ltd. lifted its holdings in shares of ProShares S&P 500 Aristocrats ETF by 5.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 6,356 shares of the company’s stock valued at $344,000 after buying an additional 321 shares during the period.

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.