ProShares S&P 500 Aristocrats ETF (BATS:NOBL) Reaches New 52-Week High – Here’s Why

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 $100.59 and last traded at $102.51, with a volume of 896354 shares changing hands. The stock had previously closed at $99.26.

ProShares S&P 500 Aristocrats ETF Stock Performance

The stock has a market capitalization of $12.50 billion, a PE ratio of 20.81 and a beta of 0.68. The stock’s 50-day moving average price is $101.02 and its two-hundred day moving average price is $103.67.

ProShares S&P 500 Aristocrats ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid a dividend of $0.5863 per share. The ex-dividend date was Monday, December 23rd.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in NOBL. Blue Trust Inc. boosted its stake in shares of ProShares S&P 500 Aristocrats ETF by 14.6% in the 3rd quarter. Blue Trust Inc. now owns 1,571 shares of the company’s stock worth $168,000 after buying an additional 200 shares during the last quarter. International Assets Investment Management LLC raised its stake in ProShares S&P 500 Aristocrats ETF by 10,658.8% during the 3rd 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. CENTRAL TRUST Co boosted its position in shares of ProShares S&P 500 Aristocrats ETF by 22.9% in the third quarter. CENTRAL TRUST Co now owns 3,960 shares of the company’s stock worth $423,000 after purchasing an additional 739 shares during the period. Silver Oak Securities Incorporated raised its position in shares of ProShares S&P 500 Aristocrats ETF by 13.5% during the 3rd quarter. Silver Oak Securities Incorporated now owns 5,173 shares of the company’s stock valued at $551,000 after purchasing an additional 617 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of ProShares S&P 500 Aristocrats ETF by 55.9% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 91,175 shares of the company’s stock valued at $9,716,000 after buying an additional 32,680 shares in the last quarter.

ProShares S&P 500 Aristocrats ETF Company 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.