Dearborn Partners LLC Buys Shares of 11,889 ProShares S&P 500 Aristocrats ETF $NOBL

Dearborn Partners LLC bought a new stake in ProShares S&P 500 Aristocrats ETF (BATS:NOBL) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 11,889 shares of the company’s stock, valued at approximately $1,237,000.

A number of other hedge funds also recently added to or reduced their stakes in NOBL. Capitolis Liquid Global Markets LLC bought a new stake in ProShares S&P 500 Aristocrats ETF in the third quarter valued at $103,070,000. Mercer Global Advisors Inc. ADV lifted its stake in ProShares S&P 500 Aristocrats ETF by 749.2% in the third quarter. Mercer Global Advisors Inc. ADV now owns 119,502 shares of the company’s stock valued at $12,317,000 after buying an additional 105,429 shares during the last quarter. Carroll Advisory Group LLC bought a new stake in ProShares S&P 500 Aristocrats ETF in the fourth quarter valued at $10,369,000. Prasad Wealth Partners LLC bought a new stake in ProShares S&P 500 Aristocrats ETF in the fourth quarter valued at $8,627,000. Finally, Axxcess Wealth Management LLC lifted its stake in ProShares S&P 500 Aristocrats ETF by 300.6% in the fourth quarter. Axxcess Wealth Management LLC now owns 105,415 shares of the company’s stock valued at $10,970,000 after buying an additional 79,100 shares during the last quarter.

ProShares S&P 500 Aristocrats ETF Stock Performance

NOBL stock opened at $54.53 on Friday. The stock has a market capitalization of $6.18 billion, a price-to-earnings ratio of 21.15 and a beta of 0.87. ProShares S&P 500 Aristocrats ETF has a 1 year low of $49.41 and a 1 year high of $57.65. The stock’s fifty day moving average is $53.59 and its two-hundred day moving average is $53.84.

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.