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

ProShares S&P 500 Aristocrats ETF (BATS:NOBL) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $100.59 and last traded at $101.12, with a volume of 896354 shares traded. The stock had previously closed at $99.26.

ProShares S&P 500 Aristocrats ETF Stock Up 2.5 %

The company has a market capitalization of $12.35 billion, a PE ratio of 20.81 and a beta of 0.68. The firm’s 50 day simple moving average is $102.41 and its 200 day simple moving average is $103.49.

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 was Monday, December 23rd.

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

Several hedge funds and other institutional investors have recently modified their holdings of the business. Wolff Wiese Magana LLC grew its position in ProShares S&P 500 Aristocrats ETF by 147.0% in 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 during the last quarter. Farmers & Merchants Investments Inc. purchased a new stake in shares of ProShares S&P 500 Aristocrats ETF during the fourth quarter valued at $40,000. GAMMA Investing LLC bought a new position in shares of ProShares S&P 500 Aristocrats ETF in the third quarter worth about $44,000. Decker Retirement Planning Inc. purchased a new position in ProShares S&P 500 Aristocrats ETF in the 4th quarter worth about $45,000. Finally, Sugar Maple Asset Management LLC bought a new stake in ProShares S&P 500 Aristocrats ETF during the 4th quarter valued at about $53,000.

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.