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

Shares of ProShares S&P 500 Aristocrats ETF (BATS:NOBL) hit a new 52-week high during trading on Monday . The company traded as high as $108.66 and last traded at $108.04, with a volume of 651562 shares trading hands. The stock had previously closed at $108.47.

ProShares S&P 500 Aristocrats ETF Stock Down 0.5 %

The stock has a market cap of $12.98 billion, a price-to-earnings ratio of 20.81 and a beta of 0.68. The business’s 50 day simple moving average is $106.18 and its 200 day simple moving average is $102.17.

Institutional Trading of ProShares S&P 500 Aristocrats ETF

A number of large investors have recently added to or reduced their stakes in the company. Strategic Financial Concepts LLC lifted its stake in shares of ProShares S&P 500 Aristocrats ETF by 5,774.4% during the 2nd quarter. Strategic Financial Concepts LLC now owns 2,788,829 shares of the company’s stock worth $2,504,000 after buying an additional 2,741,355 shares during the last quarter. International Assets Investment Management LLC increased its position in ProShares S&P 500 Aristocrats ETF by 10,658.8% during the third quarter. International Assets Investment Management LLC now owns 912,564 shares of the company’s stock worth $97,425,000 after acquiring an additional 904,082 shares during the period. Rockland Trust Co. increased its position in ProShares S&P 500 Aristocrats ETF by 10,247.5% during the third quarter. Rockland Trust Co. now owns 623,542 shares of the company’s stock worth $66,569,000 after acquiring an additional 617,516 shares during the period. Sanctuary Advisors LLC bought a new position in ProShares S&P 500 Aristocrats ETF during the second quarter worth about $36,464,000. Finally, Raymond James & Associates increased its position in ProShares S&P 500 Aristocrats ETF by 48.7% during the second quarter. Raymond James & Associates now owns 898,130 shares of the company’s stock worth $86,337,000 after acquiring an additional 294,186 shares during the period.

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.