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

ProShares S&P 500 Aristocrats ETF (BATS:NOBL) hit a new 52-week high on Wednesday . The company traded as high as $58.01 and last traded at $57.51, with a volume of 1183216 shares. The stock had previously closed at $57.29.

ProShares S&P 500 Aristocrats ETF Price Performance

The business’s fifty day moving average is $54.61 and its 200-day moving average is $54.44. The firm has a market cap of $6.52 billion, a PE ratio of 21.15 and a beta of 0.87.

Institutional Investors Weigh In On ProShares S&P 500 Aristocrats ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NOBL. Clark Asset Management LLC raised its position in shares of ProShares S&P 500 Aristocrats ETF by 100.0% in the second quarter. Clark Asset Management LLC now owns 5,852 shares of the company’s stock valued at $329,000 after purchasing an additional 2,926 shares during the period. Eclectic Associates Inc. ADV grew its holdings in shares of ProShares S&P 500 Aristocrats ETF by 60.2% during the second quarter. Eclectic Associates Inc. ADV now owns 8,327 shares of the company’s stock worth $468,000 after purchasing an additional 3,129 shares in the last quarter. Chapin Davis Inc. increased its holdings in shares of ProShares S&P 500 Aristocrats ETF by 104.1% in the 2nd quarter. Chapin Davis Inc. now owns 20,827 shares of the company’s stock worth $1,170,000 after buying an additional 10,621 shares during the last quarter. Madison Park Capital Advisors LLC increased its stake in ProShares S&P 500 Aristocrats ETF by 122.0% in the second quarter. Madison Park Capital Advisors LLC now owns 25,234 shares of the company’s stock valued at $1,350,000 after acquiring an additional 13,866 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC raised its holdings in shares of ProShares S&P 500 Aristocrats ETF by 39.4% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 22,422 shares of the company’s stock valued at $1,259,000 after buying an additional 6,340 shares in the last quarter.

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.