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

ProShares S&P 500 Aristocrats ETF (BATS:NOBL)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $105.94 and last traded at $105.45, with a volume of 294192 shares trading hands. The stock had previously closed at $104.76.

ProShares S&P 500 Aristocrats ETF Trading Up 0.7 %

The stock has a market capitalization of $12.81 billion, a price-to-earnings ratio of 20.81 and a beta of 0.68. The firm’s fifty day moving average price is $105.19 and its 200 day moving average price is $100.59.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in NOBL. HT Partners LLC grew its stake in shares of ProShares S&P 500 Aristocrats ETF by 1.8% in the third quarter. HT Partners LLC now owns 5,698 shares of the company’s stock worth $608,000 after acquiring an additional 98 shares in the last quarter. Clear Creek Financial Management LLC increased its holdings in ProShares S&P 500 Aristocrats ETF by 2.6% during the 2nd quarter. Clear Creek Financial Management LLC now owns 4,389 shares of the company’s stock worth $422,000 after purchasing an additional 110 shares during the period. Chapin Davis Inc. raised its position in ProShares S&P 500 Aristocrats ETF by 1.3% in the 3rd quarter. Chapin Davis Inc. now owns 8,988 shares of the company’s stock valued at $960,000 after purchasing an additional 115 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of ProShares S&P 500 Aristocrats ETF by 1.9% in the 1st quarter. BNP Paribas Financial Markets now owns 6,266 shares of the company’s stock valued at $635,000 after buying an additional 116 shares during the period. Finally, Cutter & CO Brokerage Inc. grew its position in shares of ProShares S&P 500 Aristocrats ETF by 3.0% during the second quarter. Cutter & CO Brokerage Inc. now owns 4,208 shares of the company’s stock worth $404,000 after buying an additional 122 shares in the last quarter.

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.