Dearborn Partners LLC Takes $448,000 Position in ProShares S&P 500 Aristocrats ETF (BATS:NOBL)

Dearborn Partners LLC acquired 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 and Exchange Commission (SEC). The institutional investor acquired 4,505 shares of the company’s stock, valued at approximately $448,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Farmers & Merchants Investments Inc. purchased a new stake in shares of ProShares S&P 500 Aristocrats ETF in the 4th quarter valued at $40,000. Decker Retirement Planning Inc. purchased a new stake in ProShares S&P 500 Aristocrats ETF during the fourth quarter worth about $45,000. Sugar Maple Asset Management LLC acquired a new position in shares of ProShares S&P 500 Aristocrats ETF in the fourth quarter valued at approximately $53,000. Mainstream Capital Management LLC acquired a new position in shares of ProShares S&P 500 Aristocrats ETF in the fourth quarter valued at approximately $54,000. Finally, TD Private Client Wealth LLC purchased a new stake in ProShares S&P 500 Aristocrats ETF during the 3rd quarter worth approximately $65,000.

ProShares S&P 500 Aristocrats ETF Stock Up 2.8 %

Shares of NOBL stock opened at $102.02 on Wednesday. The stock has a market capitalization of $11.73 billion, a PE ratio of 23.15 and a beta of 0.92. ProShares S&P 500 Aristocrats ETF has a 52 week low of $94.83 and a 52 week high of $108.79. The firm has a 50 day moving average of $101.51 and a two-hundred day moving average of $103.83.

ProShares S&P 500 Aristocrats ETF Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were given a $0.5863 dividend. The ex-dividend date was Monday, December 23rd.

ProShares S&P 500 Aristocrats ETF 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.