ProShares S&P 500 Aristocrats ETF (BATS:NOBL) Hits New 12-Month High – Should You Buy?

Shares of ProShares S&P 500 Aristocrats ETF (BATS:NOBL) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $108.04 and last traded at $107.09, with a volume of 411617 shares traded. The stock had previously closed at $107.96.

ProShares S&P 500 Aristocrats ETF Price Performance

The company’s 50-day moving average price is $104.64 and its 200-day moving average price is $100.36. The company has a market cap of $13.01 billion, a P/E ratio of 20.81 and a beta of 0.68.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Salomon & Ludwin LLC acquired a new stake in ProShares S&P 500 Aristocrats ETF in the first quarter valued at $25,000. Daiwa Securities Group Inc. acquired a new stake in ProShares S&P 500 Aristocrats ETF in the second quarter valued at $25,000. Wolff Wiese Magana LLC lifted its stake in ProShares S&P 500 Aristocrats ETF by 147.0% in the third quarter. Wolff Wiese Magana LLC now owns 247 shares of the company’s stock valued at $26,000 after acquiring an additional 147 shares during the last quarter. American National Bank acquired a new stake in ProShares S&P 500 Aristocrats ETF in the second quarter valued at $27,000. Finally, Hazlett Burt & Watson Inc. acquired a new stake in ProShares S&P 500 Aristocrats ETF in the first quarter valued at $37,000.

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.