Prasad Wealth Partners LLC Takes Position in ProShares S&P 500 Aristocrats ETF $NOBL

Prasad Wealth Partners LLC purchased a new stake in shares of ProShares S&P 500 Aristocrats ETF (BATS:NOBL) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 82,898 shares of the company’s stock, valued at approximately $8,627,000. ProShares S&P 500 Aristocrats ETF comprises 2.3% of Prasad Wealth Partners LLC’s investment portfolio, making the stock its 15th largest holding.

A number of other hedge funds and other institutional investors also recently modified their holdings of NOBL. Capitolis Liquid Global Markets LLC acquired a new stake in shares of ProShares S&P 500 Aristocrats ETF during the 3rd quarter valued at approximately $103,070,000. Moran Wealth Management LLC acquired a new stake in shares of ProShares S&P 500 Aristocrats ETF during the 3rd quarter valued at approximately $28,788,000. Mercer Global Advisors Inc. ADV lifted its position in shares of ProShares S&P 500 Aristocrats ETF by 749.2% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 119,502 shares of the company’s stock valued at $12,317,000 after acquiring an additional 105,429 shares during the period. BNP Paribas Financial Markets lifted its position in shares of ProShares S&P 500 Aristocrats ETF by 24.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 400,200 shares of the company’s stock valued at $40,300,000 after acquiring an additional 77,488 shares during the period. Finally, MRWM Advisors LLC lifted its position in shares of ProShares S&P 500 Aristocrats ETF by 197.7% during the 4th quarter. MRWM Advisors LLC now owns 74,684 shares of the company’s stock valued at $7,772,000 after acquiring an additional 49,595 shares during the period.

ProShares S&P 500 Aristocrats ETF Stock Performance

NOBL stock opened at $108.81 on Monday. The firm has a 50 day moving average of $109.38 and a 200-day moving average of $106.54. ProShares S&P 500 Aristocrats ETF has a 12-month low of $94.10 and a 12-month high of $115.31. The company has a market cap of $12.34 billion, a price-to-earnings ratio of 21.15 and a beta of 0.87.

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.