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

Shares of ProShares S&P 500 Aristocrats ETF (BATS:NOBL) hit a new 52-week high during trading on Monday . The company traded as high as $105.68 and last traded at $105.50, with a volume of 387990 shares. The stock had previously closed at $105.13.

ProShares S&P 500 Aristocrats ETF Stock Up 0.4 %

The firm has a market cap of $12.82 billion, a P/E ratio of 20.81 and a beta of 0.68. The firm’s fifty day moving average is $105.70 and its two-hundred day moving average is $101.46.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Concourse Financial Group Securities Inc. grew its stake in shares of ProShares S&P 500 Aristocrats ETF by 741.0% in the 2nd quarter. Concourse Financial Group Securities Inc. now owns 3,507 shares of the company’s stock worth $339,000 after buying an additional 3,090 shares in the last quarter. GAMMA Investing LLC purchased a new position in ProShares S&P 500 Aristocrats ETF in the third quarter worth about $44,000. Fifth Third Securities Inc. increased its stake in ProShares S&P 500 Aristocrats ETF by 3.3% during the second quarter. Fifth Third Securities Inc. now owns 23,889 shares of the company’s stock worth $2,310,000 after acquiring an additional 758 shares during the last quarter. &PARTNERS raised its position in ProShares S&P 500 Aristocrats ETF by 113.1% during the second quarter. &PARTNERS now owns 5,460 shares of the company’s stock valued at $525,000 after purchasing an additional 2,898 shares during the period. Finally, CreativeOne Wealth LLC bought a new stake in shares of ProShares S&P 500 Aristocrats ETF in the 1st quarter valued at approximately $315,000.

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.