Farmers & Merchants Investments Inc. Invests $40,000 in ProShares S&P 500 Aristocrats ETF (BATS:NOBL)

Farmers & Merchants Investments Inc. bought a new stake in shares of ProShares S&P 500 Aristocrats ETF (BATS:NOBL) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 397 shares of the company’s stock, valued at approximately $40,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Strategic Financial Concepts LLC lifted its stake in ProShares S&P 500 Aristocrats ETF by 12,704.4% in the fourth quarter. Strategic Financial Concepts LLC now owns 3,822,998 shares of the company’s stock valued at $380,579,000 after buying an additional 3,793,141 shares during the period. International Assets Investment Management LLC increased its stake in shares of ProShares S&P 500 Aristocrats ETF by 10,658.8% in the 3rd quarter. International Assets Investment Management LLC now owns 912,564 shares of the company’s stock valued at $97,425,000 after acquiring an additional 904,082 shares in the last quarter. Yousif Capital Management LLC acquired a new position in shares of ProShares S&P 500 Aristocrats ETF during the 4th quarter valued at $15,906,000. LPL Financial LLC boosted 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 in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its holdings in ProShares S&P 500 Aristocrats ETF by 161.1% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 188,770 shares of the company’s stock worth $18,792,000 after purchasing an additional 116,470 shares during the period.

ProShares S&P 500 Aristocrats ETF Trading Up 1.8 %

Shares of BATS NOBL opened at $101.07 on Monday. The firm has a market capitalization of $12.28 billion, a P/E ratio of 20.81 and a beta of 0.68. The firm’s 50-day moving average price is $101.88 and its 200-day moving average price is $103.52. ProShares S&P 500 Aristocrats ETF has a 1-year low of $55.69 and a 1-year high of $67.97.

ProShares S&P 500 Aristocrats ETF Dividend Announcement

The company also recently declared 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.

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.