AdvisorNet Financial Inc Decreases Stake in ProShares S&P 500 Aristocrats ETF (BATS:NOBL)

AdvisorNet Financial Inc decreased its holdings in shares of ProShares S&P 500 Aristocrats ETF (BATS:NOBL) by 56.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,696 shares of the company’s stock after selling 7,253 shares during the quarter. AdvisorNet Financial Inc’s holdings in ProShares S&P 500 Aristocrats ETF were worth $578,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of ProShares S&P 500 Aristocrats ETF in the third quarter valued at approximately $652,000. Mutual Advisors LLC raised its holdings in shares of ProShares S&P 500 Aristocrats ETF by 136.2% during the 3rd quarter. Mutual Advisors LLC now owns 41,496 shares of the company’s stock worth $3,674,000 after acquiring an additional 23,926 shares during the period. Summit Financial Wealth Advisors LLC boosted its position in shares of ProShares S&P 500 Aristocrats ETF by 4.4% during the 3rd quarter. Summit Financial Wealth Advisors LLC now owns 226,267 shares of the company’s stock valued at $19,749,000 after acquiring an additional 9,555 shares during the last quarter. Synovus Financial Corp increased its position in ProShares S&P 500 Aristocrats ETF by 3.1% during the third quarter. Synovus Financial Corp now owns 18,868 shares of the company’s stock worth $1,671,000 after purchasing an additional 561 shares during the last quarter. Finally, Qube Research & Technologies Ltd raised its stake in ProShares S&P 500 Aristocrats ETF by 1,176.7% during the third quarter. Qube Research & Technologies Ltd now owns 42,296 shares of the company’s stock worth $3,745,000 after purchasing an additional 38,983 shares during the period.

ProShares S&P 500 Aristocrats ETF Price Performance

ProShares S&P 500 Aristocrats ETF stock opened at $98.49 on Tuesday. The firm has a 50 day simple moving average of $97.79 and a 200-day simple moving average of $96.84. The stock has a market cap of $11.96 billion, a price-to-earnings ratio of 20.81 and a beta of 0.68. ProShares S&P 500 Aristocrats ETF has a 1-year low of $55.69 and a 1-year high of $67.97.

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.