Moran Wealth Management LLC Takes $28.79 Million Position in ProShares S&P 500 Aristocrats ETF $NOBL

Moran Wealth Management LLC purchased a new position in ProShares S&P 500 Aristocrats ETF (BATS:NOBL) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 279,302 shares of the company’s stock, valued at approximately $28,788,000. ProShares S&P 500 Aristocrats ETF makes up 0.9% of Moran Wealth Management LLC’s portfolio, making the stock its 18th largest position.

Other hedge funds have also bought and sold shares of the company. Carrera Capital Advisors purchased a new stake in ProShares S&P 500 Aristocrats ETF in the 2nd quarter valued at about $29,385,000. McElhenny Sheffield Capital Management LLC increased its position in ProShares S&P 500 Aristocrats ETF by 4,995.2% during the 2nd quarter. McElhenny Sheffield Capital Management LLC now owns 115,865 shares of the company’s stock valued at $11,668,000 after buying an additional 113,591 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of ProShares S&P 500 Aristocrats ETF by 24.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 400,200 shares of the company’s stock valued at $40,300,000 after purchasing an additional 77,488 shares during the last quarter. Cresset Asset Management LLC lifted its stake in shares of ProShares S&P 500 Aristocrats ETF by 4.5% during the second quarter. Cresset Asset Management LLC now owns 1,800,861 shares of the company’s stock worth $182,337,000 after buying an additional 76,806 shares during the period. Finally, Brown Wealth Management LLC purchased a new stake in ProShares S&P 500 Aristocrats ETF during the 2nd quarter valued at about $4,591,000.

ProShares S&P 500 Aristocrats ETF Price Performance

BATS:NOBL opened at $105.12 on Thursday. The company’s fifty day moving average price is $103.87 and its 200-day moving average price is $103.34. The firm has a market capitalization of $11.92 billion, a P/E ratio of 21.15 and a beta of 0.87. ProShares S&P 500 Aristocrats ETF has a 1-year low of $89.76 and a 1-year high of $108.79.

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.