ProShares S&P 500 Aristocrats ETF (BATS:NOBL) Reaches New 1-Year High – Here’s What Happened

ProShares S&P 500 Aristocrats ETF (BATS:NOBL)’s stock price reached a new 52-week high on Friday. The stock traded as high as $59.73 and last traded at $59.2770, with a volume of 269,297 shares trading hands. The stock had previously closed at $58.86.

ProShares S&P 500 Aristocrats ETF Stock Up 0.7%

The firm has a market capitalization of $6.72 billion, a price-to-earnings ratio of 21.15 and a beta of 0.87. The stock’s 50 day moving average price is $56.63 and its two-hundred day moving average price is $55.58.

Institutional Investors Weigh In On ProShares S&P 500 Aristocrats ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Cliftonlarsonallen Wealth Advisors LLC raised its position in shares of ProShares S&P 500 Aristocrats ETF by 0.3% during the third quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 2,696,373 shares of the company’s stock worth $145,874,000 after acquiring an additional 8,769 shares during the last quarter. Rockland Trust Co. raised its position in shares of ProShares S&P 500 Aristocrats ETF by 106.0% during the 2nd quarter. Rockland Trust Co. now owns 1,498,301 shares of the company’s stock valued at $84,145,000 after acquiring an additional 770,811 shares during the last quarter. Baird Financial Group Inc. grew its stake in shares of ProShares S&P 500 Aristocrats ETF by 100.9% during the second quarter. Baird Financial Group Inc. now owns 725,687 shares of the company’s stock worth $40,755,000 after purchasing an additional 364,452 shares during the period. Glen Eagle Advisors LLC raised its position in shares of ProShares S&P 500 Aristocrats ETF by 59.3% in the 1st quarter. Glen Eagle Advisors LLC now owns 256,059 shares of the company’s stock valued at $27,145,000 after acquiring an additional 95,269 shares during the period. Finally, Envestnet Asset Management Inc. grew its holdings in ProShares S&P 500 Aristocrats ETF by 100.1% during the second quarter. Envestnet Asset Management Inc. now owns 456,871 shares of the company’s stock valued at $25,658,000 after purchasing an additional 228,526 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.