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

ProShares S&P 500 Aristocrats ETF (BATS:NOBL)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as $57.72 and last traded at $57.71, with a volume of 1164450 shares traded. The stock had previously closed at $56.63.

ProShares S&P 500 Aristocrats ETF Stock Up 1.9%

The stock has a market capitalization of $6.54 billion, a price-to-earnings ratio of 21.15 and a beta of 0.87. The firm has a 50-day moving average of $54.33 and a two-hundred day moving average of $54.30.

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

Large investors have recently made changes to their positions in the business. Kozak & Associates Inc. lifted its position in shares of ProShares S&P 500 Aristocrats ETF by 90.5% in the second quarter. Kozak & Associates Inc. now owns 13,380 shares of the company’s stock worth $758,000 after purchasing an additional 6,355 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its position in ProShares S&P 500 Aristocrats ETF by 98.2% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 7,004 shares of the company’s stock valued at $393,000 after purchasing an additional 3,470 shares in the last quarter. Hilltop National Bank increased its stake in ProShares S&P 500 Aristocrats ETF by 100.0% in the 2nd quarter. Hilltop National Bank now owns 910 shares of the company’s stock valued at $51,000 after buying an additional 455 shares during the period. CX Institutional lifted its position in ProShares S&P 500 Aristocrats ETF by 358.6% in the 2nd quarter. CX Institutional now owns 532 shares of the company’s stock worth $30,000 after buying an additional 416 shares in the last quarter. Finally, Eastern Bank lifted its position in ProShares S&P 500 Aristocrats ETF by 73.3% in the 2nd quarter. Eastern Bank now owns 11,120 shares of the company’s stock worth $624,000 after buying an additional 4,704 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.