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

ProShares S&P 500 Aristocrats ETF (BATS:NOBL) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $107.42 and last traded at $106.81, with a volume of 362685 shares changing hands. The stock had previously closed at $106.49.

ProShares S&P 500 Aristocrats ETF Stock Performance

The stock has a fifty day moving average of $105.58 and a 200-day moving average of $101.28. The company has a market cap of $12.92 billion, a PE ratio of 20.81 and a beta of 0.68.

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

Large investors have recently bought and sold shares of the business. Wolff Wiese Magana LLC boosted its holdings in ProShares S&P 500 Aristocrats ETF by 147.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 247 shares of the company’s stock valued at $26,000 after acquiring an additional 147 shares during the period. Daiwa Securities Group Inc. purchased a new position in ProShares S&P 500 Aristocrats ETF during the 2nd quarter valued at $25,000. American National Bank purchased a new position in ProShares S&P 500 Aristocrats ETF during the 2nd quarter valued at $27,000. GAMMA Investing LLC purchased a new position in ProShares S&P 500 Aristocrats ETF during the 3rd quarter valued at $44,000. Finally, Russell Investments Group Ltd. boosted its holdings in ProShares S&P 500 Aristocrats ETF by 98.8% during the 1st quarter. Russell Investments Group Ltd. now owns 515 shares of the company’s stock valued at $52,000 after acquiring an additional 256 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.