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

ProShares S&P 500 Aristocrats ETF (BATS:NOBL) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $100.59 and last traded at $101.97, with a volume of 896354 shares traded. The stock had previously closed at $99.26.

ProShares S&P 500 Aristocrats ETF Trading Up 2.4 %

The firm’s fifty day moving average price is $102.97 and its 200-day moving average price is $103.19. The company has a market cap of $12.34 billion, a P/E ratio of 20.81 and a beta of 0.68.

ProShares S&P 500 Aristocrats ETF Announces Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were paid a dividend of $0.5863 per share. The ex-dividend date of this dividend was Monday, December 23rd.

Institutional Trading of ProShares S&P 500 Aristocrats ETF

Hedge funds have recently modified their holdings of the company. GAMMA Investing LLC acquired a new position in shares of ProShares S&P 500 Aristocrats ETF in the third quarter valued at $44,000. Lowe Wealth Advisors LLC raised its stake in shares of ProShares S&P 500 Aristocrats ETF by 2.0% in the 3rd quarter. Lowe Wealth Advisors LLC now owns 23,673 shares of the company’s stock valued at $2,527,000 after buying an additional 465 shares in the last quarter. Rockport Wealth LLC lifted its holdings in shares of ProShares S&P 500 Aristocrats ETF by 5.5% during the 2nd quarter. Rockport Wealth LLC now owns 41,612 shares of the company’s stock worth $4,000,000 after acquiring an additional 2,187 shares during the period. Ted Buchan & Co bought a new position in shares of ProShares S&P 500 Aristocrats ETF during the 2nd quarter worth about $8,124,000. Finally, Wolff Wiese Magana LLC boosted its position in shares of ProShares S&P 500 Aristocrats ETF by 147.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 247 shares of the company’s stock valued at $26,000 after acquiring an additional 147 shares in the last quarter.

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.