ProShares S&P 500 Aristocrats ETF $NOBL Position Trimmed by Wedbush Securities Inc.

Wedbush Securities Inc. reduced its stake in ProShares S&P 500 Aristocrats ETF (BATS:NOBL) by 58.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 75,363 shares of the company’s stock after selling 105,569 shares during the period. Wedbush Securities Inc.’s holdings in ProShares S&P 500 Aristocrats ETF were worth $4,077,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in NOBL. Cliftonlarsonallen Wealth Advisors LLC raised its holdings in ProShares S&P 500 Aristocrats ETF by 0.3% during the third quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 2,696,373 shares of the company’s stock worth $145,874,000 after purchasing an additional 8,769 shares in the last quarter. Rockland Trust Co. grew its position in shares of ProShares S&P 500 Aristocrats ETF by 1.0% in the 3rd quarter. Rockland Trust Co. now owns 1,513,402 shares of the company’s stock valued at $81,875,000 after buying an additional 15,101 shares during the last quarter. Baird Financial Group Inc. grew its position in shares of ProShares S&P 500 Aristocrats ETF by 100.9% in the 2nd quarter. Baird Financial Group Inc. now owns 725,687 shares of the company’s stock valued at $40,755,000 after buying an additional 364,452 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of ProShares S&P 500 Aristocrats ETF by 100.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 456,871 shares of the company’s stock valued at $25,658,000 after buying an additional 228,526 shares during the last quarter. Finally, Tidal Investments LLC acquired a new stake in ProShares S&P 500 Aristocrats ETF during the 2nd quarter worth $22,128,000.

ProShares S&P 500 Aristocrats ETF Stock Down 1.1%

NOBL traded down $0.62 on Friday, reaching $58.32. The company had a trading volume of 921,552 shares, compared to its average volume of 1,264,392. ProShares S&P 500 Aristocrats ETF has a 1 year low of $50.12 and a 1 year high of $59.30. The stock has a market capitalization of $6.61 billion, a PE ratio of 21.15 and a beta of 0.87. The stock has a 50-day moving average price of $56.61 and a 200-day moving average price of $55.77.

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.