ProShares S&P 500 Aristocrats ETF (BATS:NOBL) Hits New 1-Year High – Should You Buy?

ProShares S&P 500 Aristocrats ETF (BATS:NOBL) shares hit a new 52-week high during trading on Monday . The stock traded as high as $100.59 and last traded at $101.12, with a volume of 896354 shares traded. The stock had previously closed at $99.26.

ProShares S&P 500 Aristocrats ETF Stock Up 2.7 %

The company’s fifty day moving average price is $102.53 and its 200 day moving average price is $103.47. The company has a market capitalization of $12.39 billion, a P/E ratio of 20.81 and a beta of 0.68.

ProShares S&P 500 Aristocrats ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were paid a $0.5863 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in NOBL. Wolff Wiese Magana LLC increased 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. Farmers & Merchants Investments Inc. bought a new position in ProShares S&P 500 Aristocrats ETF in the fourth quarter valued at approximately $40,000. GAMMA Investing LLC bought a new position in ProShares S&P 500 Aristocrats ETF in the third quarter valued at approximately $44,000. Decker Retirement Planning Inc. bought a new position in ProShares S&P 500 Aristocrats ETF in the fourth quarter valued at approximately $45,000. Finally, Sugar Maple Asset Management LLC bought a new stake in shares of ProShares S&P 500 Aristocrats ETF during the fourth quarter worth $53,000.

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.