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

ProShares S&P 500 Aristocrats ETF (BATS:NOBL) reached a new 52-week high during trading on Monday . The stock traded as high as $107.09 and last traded at $107.94, with a volume of 867108 shares changing hands. The stock had previously closed at $106.96.

ProShares S&P 500 Aristocrats ETF Price Performance

The firm has a market capitalization of $13.13 billion, a P/E ratio of 20.81 and a beta of 0.68. The firm’s 50 day moving average is $105.99 and its two-hundred day moving average is $101.90.

Institutional Investors Weigh In On ProShares S&P 500 Aristocrats ETF

Several hedge funds have recently bought and sold shares of the company. Concourse Financial Group Securities Inc. raised its stake in ProShares S&P 500 Aristocrats ETF by 741.0% in the second quarter. Concourse Financial Group Securities Inc. now owns 3,507 shares of the company’s stock valued at $339,000 after buying an additional 3,090 shares during the period. GAMMA Investing LLC acquired a new position in shares of ProShares S&P 500 Aristocrats ETF during the 3rd quarter worth approximately $44,000. Fifth Third Securities Inc. raised its stake in ProShares S&P 500 Aristocrats ETF by 3.3% in the 2nd quarter. Fifth Third Securities Inc. now owns 23,889 shares of the company’s stock valued at $2,310,000 after acquiring an additional 758 shares during the period. &PARTNERS raised its stake in ProShares S&P 500 Aristocrats ETF by 113.1% in the 2nd quarter. &PARTNERS now owns 5,460 shares of the company’s stock valued at $525,000 after acquiring an additional 2,898 shares during the period. Finally, Lowe Wealth Advisors LLC boosted its position in ProShares S&P 500 Aristocrats ETF by 2.0% during the third quarter. Lowe Wealth Advisors LLC now owns 23,673 shares of the company’s stock worth $2,527,000 after purchasing an additional 465 shares during the period.

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.