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

ProShares S&P 500 Aristocrats ETF (BATS:NOBL)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $100.59 and last traded at $100.36, with a volume of 896354 shares changing hands. The stock had previously closed at $99.26.

ProShares S&P 500 Aristocrats ETF Trading Up 1.8 %

The firm has a market cap of $12.28 billion, a PE ratio of 20.81 and a beta of 0.68. The company has a 50-day simple moving average of $103.27 and a 200 day simple moving average of $103.02.

ProShares S&P 500 Aristocrats ETF Announces Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Investors 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.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NOBL. Key Client Fiduciary Advisors LLC grew its position in shares of ProShares S&P 500 Aristocrats ETF by 3.1% during the 4th quarter. Key Client Fiduciary Advisors LLC now owns 5,291 shares of the company’s stock valued at $527,000 after acquiring an additional 157 shares during the period. Avior Wealth Management LLC boosted its position in ProShares S&P 500 Aristocrats ETF by 53.4% during the fourth quarter. Avior Wealth Management LLC now owns 2,755 shares of the company’s stock worth $274,000 after purchasing an additional 959 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in ProShares S&P 500 Aristocrats ETF by 3.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 536,744 shares of the company’s stock valued at $53,433,000 after purchasing an additional 18,920 shares during the period. Redmont Wealth Advisors LLC increased its position in shares of ProShares S&P 500 Aristocrats ETF by 4.9% in the fourth quarter. Redmont Wealth Advisors LLC now owns 46,163 shares of the company’s stock valued at $4,596,000 after buying an additional 2,140 shares in the last quarter. Finally, ForthRight Wealth Management LLC raised its stake in shares of ProShares S&P 500 Aristocrats ETF by 1.6% during the 4th quarter. ForthRight Wealth Management LLC now owns 338,784 shares of the company’s stock worth $33,726,000 after buying an additional 5,284 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.