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

ProShares S&P 500 Aristocrats ETF (BATS:NOBL)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $114.08 and last traded at $114.0970, with a volume of 312262 shares traded. The stock had previously closed at $113.27.

ProShares S&P 500 Aristocrats ETF Stock Performance

The stock has a market cap of $12.93 billion, a P/E ratio of 21.15 and a beta of 0.87. The business has a 50 day simple moving average of $107.15 and a 200-day simple moving average of $104.60.

Institutional Trading of ProShares S&P 500 Aristocrats ETF

Several hedge funds have recently added to or reduced their stakes in the stock. Capitolis Liquid Global Markets LLC bought a new stake in shares of ProShares S&P 500 Aristocrats ETF during the third quarter valued at about $103,070,000. Carrera Capital Advisors purchased a new position in ProShares S&P 500 Aristocrats ETF during the second quarter worth about $29,385,000. Moran Wealth Management LLC bought a new position in ProShares S&P 500 Aristocrats ETF in the 3rd quarter worth about $28,788,000. Mercer Global Advisors Inc. ADV raised its holdings in shares of ProShares S&P 500 Aristocrats ETF by 749.2% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 119,502 shares of the company’s stock valued at $12,317,000 after acquiring an additional 105,429 shares in the last quarter. Finally, Carroll Advisory Group LLC purchased a new stake in shares of ProShares S&P 500 Aristocrats ETF in the 4th quarter valued at about $10,369,000.

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.