Wedbush Securities Inc. Raises Position in ProShares S&P 500 Aristocrats ETF $NOBL

Wedbush Securities Inc. increased its stake in ProShares S&P 500 Aristocrats ETF (BATS:NOBL) by 4.4% in the second quarter, Holdings Channel.com reports. The institutional investor owned 51,838 shares of the company’s stock after purchasing an additional 2,172 shares during the quarter. Wedbush Securities Inc.’s holdings in ProShares S&P 500 Aristocrats ETF were worth $5,220,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Bison Wealth LLC grew its position in ProShares S&P 500 Aristocrats ETF by 1.3% in the fourth quarter. Bison Wealth LLC now owns 9,410 shares of the company’s stock valued at $937,000 after acquiring an additional 121 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of ProShares S&P 500 Aristocrats ETF by 49.7% in the first quarter. Bank of New York Mellon Corp now owns 16,311 shares of the company’s stock valued at $1,667,000 after purchasing an additional 5,417 shares during the period. TD Private Client Wealth LLC boosted its stake in shares of ProShares S&P 500 Aristocrats ETF by 15.4% in the first quarter. TD Private Client Wealth LLC now owns 3,731 shares of the company’s stock valued at $381,000 after purchasing an additional 498 shares during the period. Brown Advisory Inc. grew its holdings in ProShares S&P 500 Aristocrats ETF by 30.3% during the 1st quarter. Brown Advisory Inc. now owns 6,743 shares of the company’s stock valued at $689,000 after purchasing an additional 1,569 shares in the last quarter. Finally, Stratos Wealth Advisors LLC purchased a new stake in ProShares S&P 500 Aristocrats ETF during the 1st quarter worth $208,000.

ProShares S&P 500 Aristocrats ETF Price Performance

Shares of NOBL stock opened at $101.95 on Friday. The company’s fifty day moving average price is $102.88 and its two-hundred day moving average price is $101.86. The firm has a market capitalization of $11.56 billion, a P/E ratio of 21.15 and a beta of 0.87. ProShares S&P 500 Aristocrats ETF has a 12 month low of $89.76 and a 12 month high of $108.79.

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.