Sage Mountain Advisors LLC Makes New Investment in ProShares S&P 500 Aristocrats ETF $NOBL

Sage Mountain Advisors LLC bought a new position in shares of ProShares S&P 500 Aristocrats ETF (BATS:NOBL) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 2,332 shares of the company’s stock, valued at approximately $235,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Asset Management One Co. Ltd. grew its holdings in shares of ProShares S&P 500 Aristocrats ETF by 45.6% during the 2nd quarter. Asset Management One Co. Ltd. now owns 1,616 shares of the company’s stock worth $163,000 after acquiring an additional 506 shares during the period. FNY Investment Advisers LLC purchased a new stake in shares of ProShares S&P 500 Aristocrats ETF in the 2nd quarter worth approximately $302,000. Liberty One Investment Management LLC grew its stake in shares of ProShares S&P 500 Aristocrats ETF by 2.1% in the 2nd quarter. Liberty One Investment Management LLC now owns 24,210 shares of the company’s stock worth $2,438,000 after buying an additional 495 shares during the last quarter. Stephens Inc. AR grew its stake in shares of ProShares S&P 500 Aristocrats ETF by 4.3% in the 2nd quarter. Stephens Inc. AR now owns 12,082 shares of the company’s stock worth $1,217,000 after buying an additional 501 shares during the last quarter. Finally, Joseph P. Lucia & Associates LLC grew its stake in shares of ProShares S&P 500 Aristocrats ETF by 4.1% in the 2nd quarter. Joseph P. Lucia & Associates LLC now owns 81,304 shares of the company’s stock worth $8,187,000 after buying an additional 3,215 shares during the last quarter.

ProShares S&P 500 Aristocrats ETF Stock Up 4.0%

ProShares S&P 500 Aristocrats ETF stock opened at $103.20 on Monday. The company has a market capitalization of $11.70 billion, a P/E ratio of 21.15 and a beta of 0.87. The stock’s 50 day moving average is $103.53 and its 200 day moving average is $101.52. ProShares S&P 500 Aristocrats ETF has a twelve month low of $89.76 and a twelve month high of $108.79.

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.