Belpointe Asset Management LLC Acquires New Position in Noble Absolute Return ETF (NYSEARCA:NOPE)

Belpointe Asset Management LLC acquired a new stake in shares of Noble Absolute Return ETF (NYSEARCA:NOPE – Get Rating) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 6,986 shares of the company’s stock, valued at approximately $183,000. Belpointe Asset Management LLC owned approximately 0.32% of Noble Absolute Return ETF at the end of the most recent reporting period.

Separately, Lincoln National Corp bought a new stake in Noble Absolute Return ETF during the 4th quarter valued at about $1,156,000.

Noble Absolute Return ETF Trading Up 1.7 %

Shares of NOPE opened at $9.71 on Wednesday. Noble Absolute Return ETF has a 1-year low of $9.25 and a 1-year high of $28.00. The company has a 50-day moving average of $9.95 and a 200 day moving average of $14.42.

Noble Absolute Return ETF Company Profile

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The Noble Absolute Return ETF (NOPE) is an exchange-traded fund that mostly invests in global macro alternatives. The fund is an actively managed fund that takes both long and short positions on global equity and fixed income securities based on the sub-adviser’s macroeconomic view. The fund will generally have a net exposure between 100% short and 150% long.