ProShares S&P 500 Aristocrats ETF (BATS:NOBL) Reaches New 52-Week High – Still a Buy?

ProShares S&P 500 Aristocrats ETF (BATS:NOBL) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $58.07 and last traded at $57.57, with a volume of 255310 shares changing hands. The stock had previously closed at $57.31.

ProShares S&P 500 Aristocrats ETF Stock Performance

The company’s 50 day moving average price is $54.99 and its 200 day moving average price is $54.63. The company has a market cap of $6.49 billion, a price-to-earnings ratio of 21.15 and a beta of 0.87.

Hedge Funds Weigh In On ProShares S&P 500 Aristocrats ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Investors Research Corp grew its stake in ProShares S&P 500 Aristocrats ETF by 100.0% during the second quarter. Investors Research Corp now owns 938 shares of the company’s stock worth $53,000 after buying an additional 469 shares during the last quarter. Annex Advisory Services LLC raised its stake in shares of 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 valued at $342,000 after acquiring an additional 1,007 shares during the last quarter. Whitener Capital Management Inc. raised its stake in shares of 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 valued at $819,000 after acquiring an additional 8,288 shares during the last quarter. Heck Capital Advisors LLC boosted its holdings in shares of ProShares S&P 500 Aristocrats ETF by 98.5% in the 2nd 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. Finally, JFS Wealth Advisors LLC boosted its holdings in shares of ProShares S&P 500 Aristocrats ETF by 5,125.0% in the 2nd quarter. JFS Wealth Advisors LLC now owns 1,881 shares of the company’s stock worth $106,000 after acquiring an additional 1,845 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.