ProShares S&P 500 Aristocrats ETF (BATS:NOBL) Reaches New 52-Week High – Here’s Why

ProShares S&P 500 Aristocrats ETF (BATS:NOBL – Get Free Report)’s share price hit a new 52-week high during mid-day trading on Thursday. The stock traded as high as $61.98 and last traded at $61.8240, with a volume of 382,059 shares traded. The stock had previously closed at $61.29.

ProShares S&P 500 Aristocrats ETF Price Performance

The company has a market capitalization of $6.88 billion, a price-to-earnings ratio of 21.15 and a beta of 0.87. The business’s 50 day simple moving average is $56.73 and its 200 day simple moving average is $55.70.

Hedge Funds Weigh In On ProShares S&P 500 Aristocrats ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Concurrent Investment Advisors LLC boosted its stake in shares of ProShares S&P 500 Aristocrats ETF by 279.8% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 67,623 shares of the company’s stock worth $3,798,000 after acquiring an additional 49,817 shares in the last quarter. NewEdge Advisors LLC increased its stake in ProShares S&P 500 Aristocrats ETF by 104.0% in the 2nd quarter. NewEdge Advisors LLC now owns 296,162 shares of the company’s stock valued at $16,632,000 after purchasing an additional 150,985 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in 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 purchasing an additional 228,526 shares in the last quarter. Succession Financial Inc. acquired a new position in ProShares S&P 500 Aristocrats ETF during the second quarter worth $1,122,000. Finally, Y Intercept Hong Kong Ltd raised its holdings in ProShares S&P 500 Aristocrats ETF by 168.3% during the first quarter. Y Intercept Hong Kong Ltd now owns 15,751 shares of the company’s stock worth $1,670,000 after purchasing an additional 9,880 shares during the last quarter.

About ProShares S&P 500 Aristocrats ETF

(Get Free Report)

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.

Further Reading

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