ProShares S&P 500 Aristocrats ETF (BATS:NOBL) Hits New 12-Month High – Should You Buy?

ProShares S&P 500 Aristocrats ETF (BATS:NOBL – Get Free Report) reached a new 52-week high during trading on Friday. The company traded as high as $59.73 and last traded at $59.2770, with a volume of 269,297 shares traded. The stock had previously closed at $58.86.

ProShares S&P 500 Aristocrats ETF Stock Performance

The stock has a market capitalization of $6.72 billion, a price-to-earnings ratio of 21.15 and a beta of 0.87. The firm’s fifty day simple moving average is $56.63 and its 200 day simple moving average is $55.58.

Hedge Funds Weigh In On ProShares S&P 500 Aristocrats ETF

Large investors have recently modified their holdings of the business. Integrity Alliance LLC. acquired a new position in shares of ProShares S&P 500 Aristocrats ETF during the 3rd quarter worth about $356,000. MBA Advisors LLC increased its stake in shares of ProShares S&P 500 Aristocrats ETF by 2.0% during the third quarter. MBA Advisors LLC now owns 28,676 shares of the company’s stock worth $1,551,000 after purchasing an additional 562 shares during the period. Traynor Capital Management Inc. acquired a new stake in ProShares S&P 500 Aristocrats ETF during the 3rd quarter worth approximately $237,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in ProShares S&P 500 Aristocrats ETF in the 3rd quarter valued at $9,381,000. Finally, Stevens Capital Partners bought a new stake in shares of ProShares S&P 500 Aristocrats ETF in the third quarter valued at about $204,000.

ProShares S&P 500 Aristocrats ETF Company Profile

(Get Free Report)

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.

Further Reading

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