Kovack Advisors Inc. Reduces Holdings in ProShares S&P 500 Aristocrats ETF $NOBL

Kovack Advisors Inc. reduced its holdings in shares of ProShares S&P 500 Aristocrats ETF (BATS:NOBL) by 0.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,700 shares of the company’s stock after selling 100 shares during the quarter. Kovack Advisors Inc.’s holdings in ProShares S&P 500 Aristocrats ETF were worth $4,602,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in NOBL. Bison Wealth LLC increased its holdings in ProShares S&P 500 Aristocrats ETF by 1.3% during the 4th quarter. Bison Wealth LLC now owns 9,410 shares of the company’s stock valued at $937,000 after acquiring an additional 121 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of ProShares S&P 500 Aristocrats ETF by 192.8% during the first quarter. GAMMA Investing LLC now owns 1,215 shares of the company’s stock worth $124,000 after buying an additional 800 shares in the last quarter. Strategic Financial Concepts LLC grew its holdings in shares of ProShares S&P 500 Aristocrats ETF by 16.2% during the first quarter. Strategic Financial Concepts LLC now owns 71,647 shares of the company’s stock worth $7,321,000 after buying an additional 10,008 shares in the last quarter. Latitude Advisors LLC grew its holdings in shares of ProShares S&P 500 Aristocrats ETF by 10.8% during the first quarter. Latitude Advisors LLC now owns 6,020 shares of the company’s stock worth $615,000 after buying an additional 588 shares in the last quarter. Finally, Goelzer Investment Management Inc. purchased a new stake in shares of ProShares S&P 500 Aristocrats ETF during the first quarter worth about $392,000.

ProShares S&P 500 Aristocrats ETF Price Performance

Shares of BATS NOBL opened at $101.69 on Friday. The company has a market cap of $11.53 billion, a PE ratio of 21.15 and a beta of 0.87. ProShares S&P 500 Aristocrats ETF has a 12 month low of $89.76 and a 12 month high of $108.79. The company has a 50-day simple moving average of $103.34 and a 200-day simple moving average of $101.66.

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.