Brown Wealth Management LLC Has $5.65 Million Stake in ProShares S&P 500 Aristocrats ETF $NOBL

Brown Wealth Management LLC raised its stake in ProShares S&P 500 Aristocrats ETF (BATS:NOBL) by 20.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 54,815 shares of the company’s stock after acquiring an additional 9,222 shares during the period. ProShares S&P 500 Aristocrats ETF comprises about 1.6% of Brown Wealth Management LLC’s investment portfolio, making the stock its 18th largest position. Brown Wealth Management LLC’s holdings in ProShares S&P 500 Aristocrats ETF were worth $5,650,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in NOBL. Carrera Capital Advisors acquired a new stake in shares of ProShares S&P 500 Aristocrats ETF during the 2nd quarter worth about $29,385,000. Moran Wealth Management LLC acquired a new position in ProShares S&P 500 Aristocrats ETF in the third quarter valued at about $28,788,000. McElhenny Sheffield Capital Management LLC boosted its position in ProShares S&P 500 Aristocrats ETF by 4,995.2% in the second quarter. McElhenny Sheffield Capital Management LLC now owns 115,865 shares of the company’s stock valued at $11,668,000 after buying an additional 113,591 shares in the last quarter. BNP Paribas Financial Markets grew its stake in ProShares S&P 500 Aristocrats ETF by 24.0% during the second quarter. BNP Paribas Financial Markets now owns 400,200 shares of the company’s stock worth $40,300,000 after buying an additional 77,488 shares during the last quarter. Finally, Cresset Asset Management LLC increased its holdings in shares of ProShares S&P 500 Aristocrats ETF by 4.5% during the second quarter. Cresset Asset Management LLC now owns 1,800,861 shares of the company’s stock worth $182,337,000 after buying an additional 76,806 shares in the last quarter.

ProShares S&P 500 Aristocrats ETF Price Performance

Shares of NOBL opened at $110.55 on Tuesday. The company has a market capitalization of $12.54 billion, a P/E ratio of 21.15 and a beta of 0.87. ProShares S&P 500 Aristocrats ETF has a one year low of $89.76 and a one year high of $108.79. The business’s 50 day simple moving average is $106.35 and its 200-day simple moving average is $104.28.

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.