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

ProShares S&P 500 Aristocrats ETF (BATS:NOBL) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $59.09 and last traded at $59.05, with a volume of 498430 shares. The stock had previously closed at $58.14.

ProShares S&P 500 Aristocrats ETF Price Performance

The firm has a market capitalization of $6.66 billion, a price-to-earnings ratio of 21.15 and a beta of 0.87. The business’s fifty day simple moving average is $56.83 and its 200 day simple moving average is $55.27.

Institutional Trading of ProShares S&P 500 Aristocrats ETF

Several large investors have recently made changes to their positions in NOBL. Trust Co. of Vermont bought a new stake in ProShares S&P 500 Aristocrats ETF in the 2nd quarter valued at about $79,000. Investors Research Corp raised its stake in ProShares S&P 500 Aristocrats ETF by 100.0% during the 2nd quarter. Investors Research Corp now owns 938 shares of the company’s stock worth $53,000 after buying an additional 469 shares during the period. Annex Advisory Services LLC boosted its holdings in ProShares S&P 500 Aristocrats ETF by 19.8% in the second quarter. Annex Advisory Services LLC now owns 6,082 shares of the company’s stock worth $342,000 after acquiring an additional 1,007 shares in the last quarter. Whitener Capital Management Inc. boosted its holdings in ProShares S&P 500 Aristocrats ETF by 131.8% in the second quarter. Whitener Capital Management Inc. now owns 14,578 shares of the company’s stock worth $819,000 after acquiring an additional 8,288 shares in the last quarter. Finally, Heck Capital Advisors LLC boosted its holdings in ProShares S&P 500 Aristocrats ETF by 98.5% in the second quarter. Heck Capital Advisors LLC now owns 45,415 shares of the company’s stock worth $2,551,000 after acquiring an additional 22,532 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.