Redmont Wealth Advisors LLC Takes $4.87 Million Position in ProShares S&P 500 Aristocrats ETF $NOBL

Redmont Wealth Advisors LLC acquired a new position in shares of ProShares S&P 500 Aristocrats ETF (BATS:NOBL) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 47,228 shares of the company’s stock, valued at approximately $4,868,000. ProShares S&P 500 Aristocrats ETF comprises about 6.7% of Redmont Wealth Advisors LLC’s investment portfolio, making the stock its 2nd largest holding.

Several other hedge funds have also recently added to or reduced their stakes in NOBL. Carrera Capital Advisors bought a new position in ProShares S&P 500 Aristocrats ETF in the 2nd quarter worth approximately $29,385,000. Moran Wealth Management LLC bought a new stake in shares of ProShares S&P 500 Aristocrats ETF in the third quarter valued at approximately $28,788,000. BNP Paribas Financial Markets grew its stake in shares of ProShares S&P 500 Aristocrats ETF by 24.0% in the second quarter. BNP Paribas Financial Markets now owns 400,200 shares of the company’s stock worth $40,300,000 after acquiring an additional 77,488 shares during the last quarter. Cresset Asset Management LLC grew its stake in shares of ProShares S&P 500 Aristocrats ETF by 4.5% in the second quarter. Cresset Asset Management LLC now owns 1,800,861 shares of the company’s stock worth $182,337,000 after acquiring an additional 76,806 shares during the last quarter. Finally, Brown Wealth Management LLC bought a new position in ProShares S&P 500 Aristocrats ETF during the second quarter worth $4,591,000.

ProShares S&P 500 Aristocrats ETF Price Performance

BATS:NOBL opened at $113.58 on Thursday. ProShares S&P 500 Aristocrats ETF has a one year low of $89.76 and a one year high of $115.31. The company has a fifty day moving average price of $108.50 and a 200 day moving average price of $105.13. The stock has a market cap of $12.88 billion, a P/E ratio of 21.15 and a beta of 0.87.

ProShares S&P 500 Aristocrats ETF 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.