Cornerstone Advisors Asset Management LLC Has $3.36 Million Stock Position in ProShares S&P 500 Aristocrats ETF $NOBL

Cornerstone Advisors Asset Management LLC grew its stake in ProShares S&P 500 Aristocrats ETF (BATS:NOBL) by 100.0% during the 2nd quarter, HoldingsChannel reports. The firm owned 59,750 shares of the company’s stock after acquiring an additional 29,875 shares during the quarter. Cornerstone Advisors Asset Management LLC’s holdings in ProShares S&P 500 Aristocrats ETF were worth $3,356,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. SouthState Bank Corp increased its holdings in shares of ProShares S&P 500 Aristocrats ETF by 700.0% during the first quarter. SouthState Bank Corp now owns 58,867 shares of the company’s stock worth $6,240,000 after buying an additional 51,509 shares in the last quarter. Y Intercept Hong Kong Ltd raised its position in ProShares S&P 500 Aristocrats ETF by 168.3% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 15,751 shares of the company’s stock valued at $1,670,000 after purchasing an additional 9,880 shares during the last quarter. HighTower Advisors LLC raised its position in ProShares S&P 500 Aristocrats ETF by 3.8% in the 4th quarter. HighTower Advisors LLC now owns 146,318 shares of the company’s stock valued at $15,227,000 after purchasing an additional 5,409 shares during the last quarter. Kingdom Financial Group LLC. acquired a new position in ProShares S&P 500 Aristocrats ETF in the fourth quarter worth $3,930,000. Finally, MLP3 LLC bought a new stake in shares of ProShares S&P 500 Aristocrats ETF during the fourth quarter worth $2,330,000.

ProShares S&P 500 Aristocrats ETF Stock Down 0.6%

Shares of BATS NOBL opened at $57.70 on Friday. ProShares S&P 500 Aristocrats ETF has a 12-month low of $50.12 and a 12-month high of $59.30. The firm’s 50-day simple moving average is $57.61 and its 200 day simple moving average is $55.47. The company has a market cap of $6.54 billion, a price-to-earnings ratio of 21.15 and a beta of 0.87.

ProShares S&P 500 Aristocrats ETF 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.