KPP Advisory Services LLC Reduces Stock Position in ProShares S&P 500 Aristocrats ETF (BATS:NOBL)

KPP Advisory Services LLC cut its stake in ProShares S&P 500 Aristocrats ETF (BATS:NOBL) by 46.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 33,456 shares of the company’s stock after selling 29,071 shares during the period. KPP Advisory Services LLC’s holdings in ProShares S&P 500 Aristocrats ETF were worth $3,419,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. Bank of America Corp DE grew its position in shares of ProShares S&P 500 Aristocrats ETF by 3.9% in the fourth quarter. Bank of America Corp DE now owns 4,507,757 shares of the company’s stock valued at $448,747,000 after purchasing an additional 167,936 shares in the last quarter. LPL Financial LLC grew its position in shares of ProShares S&P 500 Aristocrats ETF by 2.1% in the fourth quarter. LPL Financial LLC now owns 3,202,566 shares of the company’s stock valued at $318,815,000 after purchasing an additional 67,046 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of ProShares S&P 500 Aristocrats ETF in the fourth quarter valued at approximately $223,255,000. Wells Fargo & Company MN grew its position in shares of ProShares S&P 500 Aristocrats ETF by 3.1% in the fourth quarter. Wells Fargo & Company MN now owns 2,107,134 shares of the company’s stock valued at $209,765,000 after purchasing an additional 62,595 shares in the last quarter. Finally, Cresset Asset Management LLC grew its position in shares of ProShares S&P 500 Aristocrats ETF by 1.6% in the fourth quarter. Cresset Asset Management LLC now owns 1,644,715 shares of the company’s stock valued at $163,731,000 after purchasing an additional 26,449 shares in the last quarter.

ProShares S&P 500 Aristocrats ETF Price Performance

NOBL stock opened at $99.23 on Thursday. The business has a 50 day simple moving average of $99.26 and a 200-day simple moving average of $100.29. The firm has a market capitalization of $11.25 billion, a PE ratio of 21.15 and a beta of 0.87. ProShares S&P 500 Aristocrats ETF has a 1 year low of $89.76 and a 1 year high of $108.79.

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.