ProShares S&P 500 Aristocrats ETF (BATS:NOBL) Hits New 1-Year High – Should You Buy?

ProShares S&P 500 Aristocrats ETF (BATS:NOBL) reached a new 52-week high on Monday . The company traded as high as $100.59 and last traded at $101.12, with a volume of 896354 shares. The stock had previously closed at $99.26.

ProShares S&P 500 Aristocrats ETF Price Performance

The company has a market cap of $12.39 billion, a price-to-earnings ratio of 20.81 and a beta of 0.68. The business’s fifty day moving average price is $102.53 and its 200 day moving average price is $103.47.

ProShares S&P 500 Aristocrats ETF Announces Dividend

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

Hedge Funds Weigh In On ProShares S&P 500 Aristocrats ETF

A number of hedge funds have recently modified their holdings of the business. Wolff Wiese Magana LLC increased its stake in ProShares S&P 500 Aristocrats ETF by 147.0% in the third quarter. Wolff Wiese Magana LLC now owns 247 shares of the company’s stock valued at $26,000 after purchasing an additional 147 shares in the last quarter. Farmers & Merchants Investments Inc. purchased a new position in ProShares S&P 500 Aristocrats ETF in the fourth quarter valued at about $40,000. GAMMA Investing LLC purchased a new position in ProShares S&P 500 Aristocrats ETF in the third quarter valued at about $44,000. Decker Retirement Planning Inc. purchased a new position in ProShares S&P 500 Aristocrats ETF in the fourth quarter valued at about $45,000. Finally, Sugar Maple Asset Management LLC purchased a new position in ProShares S&P 500 Aristocrats ETF in the fourth quarter valued at about $53,000.

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.