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

Shares of ProShares S&P 500 Aristocrats ETF (BATS:NOBL) hit a new 52-week high during trading on Tuesday . The stock traded as high as $100.59 and last traded at $103.62, with a volume of 896354 shares traded. The stock had previously closed at $99.26.

ProShares S&P 500 Aristocrats ETF Price Performance

The firm’s 50-day moving average price is $102.83 and its 200 day moving average price is $103.33. The firm has a market cap of $12.59 billion, a P/E ratio of 20.81 and a beta of 0.68.

ProShares S&P 500 Aristocrats ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were paid a dividend of $0.5863 per share. The ex-dividend date was Monday, December 23rd.

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

Several institutional investors and hedge funds have recently bought and sold shares of NOBL. International Assets Investment Management LLC raised its stake in ProShares S&P 500 Aristocrats ETF by 10,658.8% during the third quarter. International Assets Investment Management LLC now owns 912,564 shares of the company’s stock worth $97,425,000 after acquiring an additional 904,082 shares during the period. Rockland Trust Co. raised its stake in ProShares S&P 500 Aristocrats ETF by 10,247.5% during the third quarter. Rockland Trust Co. now owns 623,542 shares of the company’s stock worth $66,569,000 after acquiring an additional 617,516 shares during the period. Sanctuary Advisors LLC acquired a new stake in ProShares S&P 500 Aristocrats ETF during the second quarter worth about $36,464,000. Yousif Capital Management LLC acquired a new stake in ProShares S&P 500 Aristocrats ETF during the fourth quarter worth about $15,906,000. Finally, LPL Financial LLC raised its stake in ProShares S&P 500 Aristocrats ETF by 4.1% during the third quarter. LPL Financial LLC now owns 3,135,520 shares of the company’s stock worth $334,748,000 after acquiring an additional 124,305 shares during the period.

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.