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

ProShares S&P 500 Aristocrats ETF (BATS:NOBL)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $108.66 and last traded at $108.04, with a volume of 651562 shares changing hands. The stock had previously closed at $108.47.

ProShares S&P 500 Aristocrats ETF Stock Performance

The company has a market capitalization of $12.98 billion, a P/E ratio of 20.81 and a beta of 0.68. The firm’s fifty day moving average is $106.18 and its 200-day moving average is $102.17.

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

Several hedge funds have recently added to or reduced their stakes in NOBL. HT Partners LLC lifted its position in shares of ProShares S&P 500 Aristocrats ETF by 1.8% in the 3rd quarter. HT Partners LLC now owns 5,698 shares of the company’s stock worth $608,000 after purchasing an additional 98 shares during the period. Clear Creek Financial Management LLC lifted its position in shares of ProShares S&P 500 Aristocrats ETF by 2.6% in the 2nd quarter. Clear Creek Financial Management LLC now owns 4,389 shares of the company’s stock worth $422,000 after purchasing an additional 110 shares during the period. Chapin Davis Inc. lifted its position in shares of ProShares S&P 500 Aristocrats ETF by 1.3% in the 3rd quarter. Chapin Davis Inc. now owns 8,988 shares of the company’s stock worth $960,000 after purchasing an additional 115 shares during the period. Belmont Capital LLC lifted its position in shares of ProShares S&P 500 Aristocrats ETF by 16.3% in the 3rd quarter. Belmont Capital LLC now owns 841 shares of the company’s stock worth $90,000 after purchasing an additional 118 shares during the period. Finally, Cutter & CO Brokerage Inc. lifted its position in shares of ProShares S&P 500 Aristocrats ETF by 3.0% during the 2nd quarter. Cutter & CO Brokerage Inc. now owns 4,208 shares of the company’s stock valued at $404,000 after acquiring an additional 122 shares during the period.

ProShares S&P 500 Aristocrats ETF Company 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.