ProShares S&P 500 Aristocrats ETF (BATS:NOBL) Reaches New 1-Year High – Time to Buy?

Shares of ProShares S&P 500 Aristocrats ETF (BATS:NOBL) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $57.72 and last traded at $57.71, with a volume of 1164450 shares changing hands. The stock had previously closed at $56.63.

ProShares S&P 500 Aristocrats ETF Stock Performance

The business’s fifty day moving average price is $54.48 and its 200 day moving average price is $54.36. The company has a market capitalization of $6.54 billion, a P/E ratio of 21.15 and a beta of 0.87.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Kozak & Associates Inc. grew its stake in shares of ProShares S&P 500 Aristocrats ETF by 90.5% in the 2nd quarter. Kozak & Associates Inc. now owns 13,380 shares of the company’s stock valued at $758,000 after purchasing an additional 6,355 shares during the period. MassMutual Private Wealth & Trust FSB lifted its position in shares of ProShares S&P 500 Aristocrats ETF by 98.2% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 7,004 shares of the company’s stock worth $393,000 after buying an additional 3,470 shares during the period. Hilltop National Bank lifted its position in shares of ProShares S&P 500 Aristocrats ETF by 100.0% during the 2nd quarter. Hilltop National Bank now owns 910 shares of the company’s stock worth $51,000 after buying an additional 455 shares during the period. CX Institutional lifted its position in shares of ProShares S&P 500 Aristocrats ETF by 358.6% during the 2nd quarter. CX Institutional now owns 532 shares of the company’s stock worth $30,000 after buying an additional 416 shares during the period. Finally, Eastern Bank boosted its stake in ProShares S&P 500 Aristocrats ETF by 73.3% in the 2nd quarter. Eastern Bank now owns 11,120 shares of the company’s stock valued at $624,000 after buying an additional 4,704 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.