Royal Bank of Canada Trims Stock Position in ProShares S&P 500 Aristocrats ETF $NOBL

Royal Bank of Canada trimmed its position in ProShares S&P 500 Aristocrats ETF (BATS:NOBL) by 5.2% during the 1st quarter, HoldingsChannel.com reports. The firm owned 1,360,095 shares of the company’s stock after selling 74,590 shares during the period. Royal Bank of Canada’s holdings in ProShares S&P 500 Aristocrats ETF were worth $144,184,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Bison Wealth LLC increased its holdings in shares of ProShares S&P 500 Aristocrats ETF by 1.3% during the 4th quarter. Bison Wealth LLC now owns 9,410 shares of the company’s stock worth $937,000 after buying an additional 121 shares during the last quarter. AQR Capital Management LLC lifted its holdings in ProShares S&P 500 Aristocrats ETF by 6.3% in the first quarter. AQR Capital Management LLC now owns 36,442 shares of the company’s stock valued at $3,724,000 after acquiring an additional 2,171 shares during the last quarter. Jane Street Group LLC acquired a new position in ProShares S&P 500 Aristocrats ETF in the first quarter valued at approximately $481,000. Franklin Resources Inc. purchased a new position in ProShares S&P 500 Aristocrats ETF in the second quarter worth approximately $59,000. Finally, First Trust Advisors LP purchased a new position in ProShares S&P 500 Aristocrats ETF in the second quarter worth approximately $319,000.

ProShares S&P 500 Aristocrats ETF Stock Down 1.8%

NOBL stock opened at $57.19 on Friday. The business has a fifty day moving average of $55.75 and a two-hundred day moving average of $54.95. The stock has a market cap of $6.49 billion, a price-to-earnings ratio of 21.15 and a beta of 0.87. ProShares S&P 500 Aristocrats ETF has a 52-week low of $50.12 and a 52-week high of $58.95.

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.