ProShares S&P 500 Aristocrats ETF (BATS:NOBL) Hits New 1-Year High – Here’s Why

ProShares S&P 500 Aristocrats ETF (BATS:NOBL)’s share price reached a new 52-week high on Tuesday . The company traded as high as $58.66 and last traded at $58.64, with a volume of 134785 shares traded. The stock had previously closed at $57.47.

ProShares S&P 500 Aristocrats ETF Price Performance

The company has a market capitalization of $6.66 billion, a price-to-earnings ratio of 21.15 and a beta of 0.87. The business has a fifty day moving average price of $55.48 and a 200 day moving average price of $54.84.

Institutional Trading of ProShares S&P 500 Aristocrats ETF

A number of hedge funds have recently modified their holdings of NOBL. McKinley Carter Wealth Services Inc. raised its stake in shares of ProShares S&P 500 Aristocrats ETF by 2.6% in the fourth quarter. McKinley Carter Wealth Services Inc. now owns 3,595 shares of the company’s stock valued at $374,000 after purchasing an additional 90 shares in the last quarter. Cary Street Partners Financial LLC boosted its position in shares of ProShares S&P 500 Aristocrats ETF by 1.3% during the 4th quarter. Cary Street Partners Financial LLC now owns 7,994 shares of the company’s stock valued at $832,000 after acquiring an additional 100 shares in the last quarter. Gallagher Fiduciary Advisors LLC boosted its position in shares of ProShares S&P 500 Aristocrats ETF by 4.2% during the 2nd quarter. Gallagher Fiduciary Advisors LLC now owns 2,454 shares of the company’s stock valued at $247,000 after acquiring an additional 100 shares in the last quarter. Onyx Bridge Wealth Group LLC increased its stake in ProShares S&P 500 Aristocrats ETF by 5.3% in the fourth quarter. Onyx Bridge Wealth Group LLC now owns 2,123 shares of the company’s stock valued at $221,000 after acquiring an additional 106 shares during the period. Finally, Anchor Investment Management LLC raised its position in ProShares S&P 500 Aristocrats ETF by 0.8% in the fourth quarter. Anchor Investment Management LLC now owns 14,714 shares of the company’s stock worth $1,531,000 after purchasing an additional 114 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.