ProShares S&P 500 Aristocrats ETF (BATS:NOBL) Sets New 52-Week High – Still a Buy?

ProShares S&P 500 Aristocrats ETF (BATS:NOBL) hit a new 52-week high on Wednesday . The company traded as high as $58.01 and last traded at $57.51, with a volume of 1183216 shares. The stock had previously closed at $57.29.

ProShares S&P 500 Aristocrats ETF Stock Performance

The company’s 50-day moving average price is $54.71 and its two-hundred day moving average price is $54.49. The stock has a market cap of $6.39 billion, a PE ratio of 21.15 and a beta of 0.87.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in NOBL. Sherman Wealth Management LLC raised its position in ProShares S&P 500 Aristocrats ETF by 91.3% in the 2nd quarter. Sherman Wealth Management LLC now owns 4,866 shares of the company’s stock worth $273,000 after purchasing an additional 2,322 shares during the period. LVM Capital Management Ltd. MI increased its stake in shares of ProShares S&P 500 Aristocrats ETF by 100.0% during the second quarter. LVM Capital Management Ltd. MI now owns 6,580 shares of the company’s stock valued at $370,000 after buying an additional 3,290 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its holdings in shares of ProShares S&P 500 Aristocrats ETF by 91.9% during the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 6,466 shares of the company’s stock valued at $363,000 after acquiring an additional 3,096 shares in the last quarter. Wealthcare Advisory Partners LLC lifted its stake in ProShares S&P 500 Aristocrats ETF by 68.6% in the second quarter. Wealthcare Advisory Partners LLC now owns 21,178 shares of the company’s stock worth $1,189,000 after acquiring an additional 8,614 shares during the period. Finally, Kraft Davis & Associates LLC lifted its stake in ProShares S&P 500 Aristocrats ETF by 94.2% in the second quarter. Kraft Davis & Associates LLC now owns 142,691 shares of the company’s stock worth $8,091,000 after acquiring an additional 69,208 shares during the period.

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.