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ProShares S&P 500 Dividend Aristocrats seeks investment results, before fees and expenses, that track the performance of the S&P 500 Dividend Aristocrats Index. The Index, constructed and maintained by S&P Dow Jones Indices LLC, targets companies that are currently members of the S&P 500, have increased dividend payments each year for at least 25 years, and meet certain market capitalization and liquidity requirements. The Index contains a minimum of 40 stocks, which are equally weighted, and no single sector is allowed to comprise more than 30% of the Index weight. If there are fewer than 40 stocks with at least 25 consecutive years of dividend growth or if sector caps are breached, the Index will include companies with shorter dividend growth histories. The Index is reweighted each January, April, July and October, with an annual reconstitution during each January.
ProShares S&P 500 Dividend Aristocrats ETF trades on the BATS stock market under the symbol NOBL.
As of January 7, 2025, NOBL stock price climbed to $99.21 with 103,320 million shares trading.
NOBL has a beta of 0.47, meaning it tends to be less sensitive to market movements. NOBL has a correlation of 0.29 to the broad based SPY ETF.
NOBL has a market cap of $11.64 billion. This is considered a Large Cap stock.
In the last 3 years, NOBL traded as high as $108.79 and as low as $79.09.
NOBL has underperformed the market in the last year with a price return of +7.5% while the SPY ETF gained +29.1%. NOBL has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -5.6% and -0.9%, respectively, while the SPY returned +4.6% and +0.4%, respectively.
NOBL support price is $98.00 and resistance is $99.52 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that NOBL shares will trade within this expected range on the day.