ProShares S&P 500 Aristocrats ETF (BATS:NOBL) Reaches New 12-Month High – Should You Buy?

ProShares S&P 500 Aristocrats ETF (BATS:NOBL)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $100.59 and last traded at $103.62, with a volume of 896354 shares trading hands. The stock had previously closed at $99.26.

ProShares S&P 500 Aristocrats ETF Stock Up 4.4 %

The firm’s 50 day simple moving average is $102.83 and its 200 day simple moving average is $103.33. The company has a market cap of $12.59 billion, a price-to-earnings 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. Shareholders of record on Monday, December 23rd were paid a $0.5863 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

Institutional Investors Weigh In On ProShares S&P 500 Aristocrats ETF

Large investors have recently made changes to their positions in the company. GAMMA Investing LLC acquired a new stake in shares of ProShares S&P 500 Aristocrats ETF in the third quarter valued at approximately $44,000. Lowe Wealth Advisors LLC raised its holdings in ProShares S&P 500 Aristocrats ETF by 2.0% during the third quarter. Lowe Wealth Advisors LLC now owns 23,673 shares of the company’s stock worth $2,527,000 after purchasing an additional 465 shares in the last quarter. Ted Buchan & Co bought a new stake in ProShares S&P 500 Aristocrats ETF during the second quarter worth approximately $8,124,000. Wolff Wiese Magana LLC raised its holdings in ProShares S&P 500 Aristocrats ETF by 147.0% during the third quarter. Wolff Wiese Magana LLC now owns 247 shares of the company’s stock worth $26,000 after purchasing an additional 147 shares in the last quarter. Finally, Founders Financial Alliance LLC raised its holdings in ProShares S&P 500 Aristocrats ETF by 14.7% during the second quarter. Founders Financial Alliance LLC now owns 2,182 shares of the company’s stock worth $210,000 after purchasing an additional 280 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.