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

ProShares S&P 500 Aristocrats ETF (BATS:NOBL)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as $59.30 and last traded at $59.07, with a volume of 581671 shares changing hands. The stock had previously closed at $58.75.

ProShares S&P 500 Aristocrats ETF Stock Performance

The company has a market capitalization of $6.67 billion, a price-to-earnings ratio of 21.15 and a beta of 0.87. The company has a 50-day moving average price of $57.24 and a 200-day moving average price of $55.41.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bison Wealth LLC grew its holdings in shares of ProShares S&P 500 Aristocrats ETF by 1.3% in the 4th quarter. Bison Wealth LLC now owns 9,410 shares of the company’s stock valued at $937,000 after buying an additional 121 shares during the period. AQR Capital Management LLC increased its position in shares of ProShares S&P 500 Aristocrats ETF by 6.3% in the 1st quarter. AQR Capital Management LLC now owns 36,442 shares of the company’s stock valued at $3,724,000 after buying an additional 2,171 shares in the last quarter. Jane Street Group LLC acquired a new stake in ProShares S&P 500 Aristocrats ETF during the 1st quarter worth $481,000. Franklin Resources Inc. acquired a new stake in ProShares S&P 500 Aristocrats ETF during the 2nd quarter worth $59,000. Finally, First Trust Advisors LP bought a new position in ProShares S&P 500 Aristocrats ETF during the second quarter worth about $319,000.

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.