Sumitomo Mitsui Trust Group Inc. Decreases Stock Holdings in ProShares S&P 500 Aristocrats ETF $NOBL

Sumitomo Mitsui Trust Group Inc. cut its stake in ProShares S&P 500 Aristocrats ETF (BATS:NOBL) by 26.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 56,550 shares of the company’s stock after selling 20,550 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in ProShares S&P 500 Aristocrats ETF were worth $5,829,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Carrera Capital Advisors purchased a new position in ProShares S&P 500 Aristocrats ETF during the 2nd quarter valued at about $29,385,000. Moran Wealth Management LLC acquired a new stake in ProShares S&P 500 Aristocrats ETF during the third quarter worth approximately $28,788,000. McElhenny Sheffield Capital Management LLC boosted its position in shares of ProShares S&P 500 Aristocrats ETF by 4,995.2% in the 2nd quarter. McElhenny Sheffield Capital Management LLC now owns 115,865 shares of the company’s stock valued at $11,668,000 after purchasing an additional 113,591 shares during the period. BNP Paribas Financial Markets grew its position in shares of ProShares S&P 500 Aristocrats ETF by 24.0% during the second quarter. BNP Paribas Financial Markets now owns 400,200 shares of the company’s stock worth $40,300,000 after acquiring an additional 77,488 shares during the last quarter. Finally, Cresset Asset Management LLC increased its position in ProShares S&P 500 Aristocrats ETF by 4.5% in the 2nd quarter. Cresset Asset Management LLC now owns 1,800,861 shares of the company’s stock valued at $182,337,000 after acquiring an additional 76,806 shares during the period.

ProShares S&P 500 Aristocrats ETF Trading Up 10.2%

Shares of NOBL opened at $109.34 on Friday. The stock’s 50 day moving average is $104.85 and its two-hundred day moving average is $103.73. ProShares S&P 500 Aristocrats ETF has a twelve month low of $89.76 and a twelve month high of $108.79. The firm has a market capitalization of $12.40 billion, a PE ratio of 21.15 and a beta of 0.87.

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.