NewEdge Advisors LLC Boosts Stake in ProShares S&P 500 Aristocrats ETF $NOBL

NewEdge Advisors LLC raised its stake in shares of ProShares S&P 500 Aristocrats ETF (BATS:NOBL) by 104.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 296,162 shares of the company’s stock after acquiring an additional 150,985 shares during the quarter. NewEdge Advisors LLC owned approximately 0.26% of ProShares S&P 500 Aristocrats ETF worth $16,632,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in NOBL. SouthState Bank Corp raised its holdings in ProShares S&P 500 Aristocrats ETF by 700.0% in the first quarter. SouthState Bank Corp now owns 58,867 shares of the company’s stock worth $6,240,000 after purchasing an additional 51,509 shares in the last quarter. Y Intercept Hong Kong Ltd boosted its holdings in shares of ProShares S&P 500 Aristocrats ETF by 168.3% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 15,751 shares of the company’s stock valued at $1,670,000 after buying an additional 9,880 shares in the last quarter. HighTower Advisors LLC grew its position in shares of ProShares S&P 500 Aristocrats ETF by 3.8% in the 4th quarter. HighTower Advisors LLC now owns 146,318 shares of the company’s stock worth $15,227,000 after buying an additional 5,409 shares during the last quarter. Kingdom Financial Group LLC. purchased a new position in shares of ProShares S&P 500 Aristocrats ETF in the 4th quarter worth approximately $3,930,000. Finally, MLP3 LLC bought a new position in shares of ProShares S&P 500 Aristocrats ETF during the 4th quarter worth approximately $2,330,000.

ProShares S&P 500 Aristocrats ETF Stock Down 0.8%

BATS NOBL opened at $56.08 on Friday. ProShares S&P 500 Aristocrats ETF has a 52 week low of $50.12 and a 52 week high of $59.30. The company has a 50 day moving average price of $57.62 and a 200 day moving average price of $55.47. The firm has a market cap of $6.36 billion, a PE ratio of 21.15 and a beta of 0.87.

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.