ProShares S&P 500 Aristocrats ETF (BATS:NOBL) Reaches New 1-Year High – Still a Buy?

Shares of ProShares S&P 500 Aristocrats ETF (BATS:NOBL) hit a new 52-week high on Wednesday . The stock traded as high as $59.09 and last traded at $59.05, with a volume of 498430 shares. The stock had previously closed at $58.14.

ProShares S&P 500 Aristocrats ETF Price Performance

The stock has a market capitalization of $6.63 billion, a price-to-earnings ratio of 21.15 and a beta of 0.87. The company has a 50-day simple moving average of $56.97 and a two-hundred day simple moving average of $55.33.

Institutional Trading of ProShares S&P 500 Aristocrats ETF

Large investors have recently added to or reduced their stakes in the business. McKinley Carter Wealth Services Inc. lifted its holdings in shares of ProShares S&P 500 Aristocrats ETF by 2.6% in the fourth quarter. McKinley Carter Wealth Services Inc. now owns 3,595 shares of the company’s stock worth $374,000 after acquiring an additional 90 shares during the last quarter. Gallagher Fiduciary Advisors LLC grew its holdings in shares of ProShares S&P 500 Aristocrats ETF by 4.2% during the 2nd quarter. Gallagher Fiduciary Advisors LLC now owns 2,454 shares of the company’s stock valued at $247,000 after purchasing an additional 100 shares during the last quarter. Cary Street Partners Financial LLC grew its holdings in shares of ProShares S&P 500 Aristocrats ETF by 1.3% during the 4th quarter. Cary Street Partners Financial LLC now owns 7,994 shares of the company’s stock valued at $832,000 after purchasing an additional 100 shares during the last quarter. Onyx Bridge Wealth Group LLC increased its position in ProShares S&P 500 Aristocrats ETF by 5.3% during the 4th quarter. Onyx Bridge Wealth Group LLC now owns 2,123 shares of the company’s stock worth $221,000 after purchasing an additional 106 shares in the last quarter. Finally, Anchor Investment Management LLC increased its position in ProShares S&P 500 Aristocrats ETF by 0.8% during the 4th quarter. Anchor Investment Management LLC now owns 14,714 shares of the company’s stock worth $1,531,000 after purchasing an additional 114 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.