ProShares S&P 500 Aristocrats ETF (BATS:NOBL) Hits New 12-Month High – Here’s Why

ProShares S&P 500 Aristocrats ETF (BATS:NOBL) shares hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $58.07 and last traded at $57.57, with a volume of 255310 shares changing hands. The stock had previously closed at $57.31.

ProShares S&P 500 Aristocrats ETF Trading Down 0.2%

The firm has a fifty day simple moving average of $54.99 and a 200 day simple moving average of $54.63. The stock has a market cap of $6.49 billion, a price-to-earnings ratio of 21.15 and a beta of 0.87.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Kingswood Wealth Advisors LLC grew its stake in shares of ProShares S&P 500 Aristocrats ETF by 27.7% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 26,780 shares of the company’s stock valued at $2,787,000 after purchasing an additional 5,811 shares during the period. ASL Financial LLC bought a new position in shares of ProShares S&P 500 Aristocrats ETF during the 4th quarter worth approximately $717,000. Yousif Capital Management LLC lifted its position in shares of ProShares S&P 500 Aristocrats ETF by 180.4% during the 4th quarter. Yousif Capital Management LLC now owns 39,522 shares of the company’s stock worth $4,281,000 after buying an additional 25,426 shares during the period. Benchmark Financial LLC acquired a new stake in ProShares S&P 500 Aristocrats ETF in the 4th quarter valued at $7,057,000. Finally, BCS Wealth Management boosted its stake in ProShares S&P 500 Aristocrats ETF by 80.8% in the 4th quarter. BCS Wealth Management now owns 55,120 shares of the company’s stock valued at $5,736,000 after buying an additional 24,641 shares in the last quarter.

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.