ProShares S&P 500 Aristocrats ETF (BATS:NOBL) Sets New 52-Week High – Should You Buy?

ProShares S&P 500 Aristocrats ETF (BATS:NOBL) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $57.72 and last traded at $57.71, with a volume of 1164450 shares traded. The stock had previously closed at $56.63.

ProShares S&P 500 Aristocrats ETF Stock Up 1.9%

The company has a market capitalization of $6.54 billion, a price-to-earnings ratio of 21.15 and a beta of 0.87. The business has a 50-day moving average price of $54.33 and a 200-day moving average price of $54.30.

Institutional Trading of ProShares S&P 500 Aristocrats ETF

A number of hedge funds have recently bought and sold shares of NOBL. MCF Advisors LLC purchased a new position in shares of ProShares S&P 500 Aristocrats ETF in the fourth quarter worth approximately $26,000. Qube Research & Technologies Ltd purchased a new stake in shares of ProShares S&P 500 Aristocrats ETF in the 2nd quarter valued at approximately $29,000. Nemes Rush Group LLC boosted its stake in ProShares S&P 500 Aristocrats ETF by 627.5% in the 3rd quarter. Nemes Rush Group LLC now owns 291 shares of the company’s stock worth $30,000 after purchasing an additional 251 shares during the period. TFC Financial Management Inc. acquired a new position in ProShares S&P 500 Aristocrats ETF in the 4th quarter worth approximately $30,000. Finally, Garton & Associates Financial Advisors LLC purchased a new position in ProShares S&P 500 Aristocrats ETF during the 4th quarter worth approximately $34,000.

About ProShares S&P 500 Aristocrats ETF

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.