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

ProShares S&P 500 Aristocrats ETF (BATS:NOBLGet Free Report)’s share price hit a new 52-week high on Monday . The company traded as high as $105.60 and last traded at $104.93, with a volume of 389781 shares trading hands. The stock had previously closed at $105.73.

ProShares S&P 500 Aristocrats ETF Stock Performance

The stock has a market capitalization of $12.83 billion, a PE ratio of 20.81 and a beta of 0.68. The stock’s 50 day moving average is $103.53 and its two-hundred day moving average is $99.99.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of NOBL. Regal Investment Advisors LLC lifted its stake in ProShares S&P 500 Aristocrats ETF by 10.2% in the 4th quarter. Regal Investment Advisors LLC now owns 5,701 shares of the company’s stock worth $543,000 after purchasing an additional 527 shares in the last quarter. MGO One Seven LLC lifted its stake in ProShares S&P 500 Aristocrats ETF by 729.2% in the 4th quarter. MGO One Seven LLC now owns 27,340 shares of the company’s stock worth $2,603,000 after purchasing an additional 24,043 shares in the last quarter. Pinnacle Holdings LLC lifted its stake in ProShares S&P 500 Aristocrats ETF by 66.9% in the 4th quarter. Pinnacle Holdings LLC now owns 2,620 shares of the company’s stock worth $249,000 after purchasing an additional 1,050 shares in the last quarter. Brevan Howard Capital Management LP purchased a new position in ProShares S&P 500 Aristocrats ETF in the 4th quarter worth approximately $2,414,000. Finally, Aspect Partners LLC purchased a new position in ProShares S&P 500 Aristocrats ETF in the 4th quarter worth approximately $1,038,000.

About ProShares S&P 500 Aristocrats ETF

(Get Free Report)

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.

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