HB Wealth Management LLC Trims Stock Holdings in ProShares S&P 500 Aristocrats ETF $NOBL

HB Wealth Management LLC reduced its stake in shares of ProShares S&P 500 Aristocrats ETF (BATS:NOBL) by 41.6% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 5,975 shares of the company’s stock after selling 4,258 shares during the period. HB Wealth Management LLC’s holdings in ProShares S&P 500 Aristocrats ETF were worth $602,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dunhill Financial LLC acquired a new stake in ProShares S&P 500 Aristocrats ETF during the 1st quarter worth about $26,000. Iron Horse Wealth Management LLC acquired a new stake in ProShares S&P 500 Aristocrats ETF during the 1st quarter worth about $34,000. Cheviot Value Management LLC acquired a new stake in ProShares S&P 500 Aristocrats ETF during the 1st quarter worth about $34,000. Maseco LLP acquired a new stake in ProShares S&P 500 Aristocrats ETF during the 2nd quarter worth about $34,000. Finally, UMB Bank n.a. acquired a new stake in ProShares S&P 500 Aristocrats ETF during the 2nd quarter worth about $48,000.

ProShares S&P 500 Aristocrats ETF Stock Up 4.5%

BATS:NOBL opened at $103.77 on Friday. ProShares S&P 500 Aristocrats ETF has a 52 week low of $89.76 and a 52 week high of $108.79. The stock has a market capitalization of $11.77 billion, a PE ratio of 21.15 and a beta of 0.87. The stock’s 50-day moving average price is $103.66 and its 200-day moving average price is $101.10.

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.