This article first appeared on GuruFocus .
ProShares S&P 500 Dividend Aristocrats ETF ( NOBL ) reported net buying of $74.3 million on Tuesday, Nov. 3, with gross ETF activity of $337.4 million against $12.36 billion in assets. The fund increased 67 positions and decreased only one, led by a $131.6 million reduction in Kimberly-Clark Corp. ( KMB ).
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What did NOBL buy on Tuesday?
Its largest buys by dollar value were PNR ($3.9 million), ROP ($3.5 million) and CLX ($3.3 million).
| Stock |
Shares changed |
Value |
Position |
|---|---|---|---|
| PENTAIR PLC ( PNR ) |
+56,255 |
$3.9M |
1.88% of fund |
| ROPER TECHNOLOGIES INC ( ROP ) |
+7,480 |
$3.5M |
1.70% of fund |
| CLOROX COMPANY ( CLX ) |
+35,072 |
$3.3M |
1.58% of fund |
| ERIE INDEMNITY COMPANY-CL A ( ERIE ) |
+12,177 |
$3.3M |
1.57% of fund |
| PPG INDUSTRIES INC ( PPG ) |
+26,989 |
$3.3M |
1.57% of fund |
What did NOBL sell on Tuesday?
Its largest sells by dollar value were KMB ($131.6 million).
| Stock |
Shares changed |
Value |
Position |
|---|---|---|---|
| KIMBERLY-CLARK CORP ( KMB ) |
-1,259,345 |
-$131.6M |
1.39% of fund |
The largest buys were all existing holdings: $3.9 million of Pentair PLC ( PNR ), $3.5 million of Roper Technologies Inc. ( ROP ), and $3.3 million each of Clorox Company ( CLX ), Erie Indemnity Company-Class A ( ERIE ) and PPG Industries Inc. ( PPG ). No new positions were opened and no holdings were fully exited; Kimberly-Clark ( KMB ) was the sole decrease, at $131.6 million.
How does NOBL invest?
ProShares S&P 500 Dividend Aristocrats ETF ( NOBL ) is an Equity US fund in the Equity asset class holding 68 stocks, with 16.0% of assets in its 10 largest holdings. Consumer Defensive accounts for 21.6% of classified stocks, Industrials 20.7% and Financial Services 13.3%, and the mix is 97.0% large-cap and 3.0% mid-cap. Its expense ratio is 0.35%, and top holdings include Pentair PLC (1.88%), Roper Technologies Inc. (1.7%), Clorox Company (1.58%), Erie Indemnity Company-Class A (1.57%) and PPG Industries Inc. (1.57%). The fund has a GF Score of 82, a P/E of 22.25, a P/B of 2.88, a dividend yield of 1.84% and a year-to-date return of 19.63%.
ProShares S&P 500 Dividend Aristocrats ETF ( NOBL ) at a glance
| Measure |
Value |
|---|---|
| Category |
Equity US |
| Asset class |
Equity |
| Holdings |
68 |
| Top 10 holdings |
16.0% of assets |
| Largest sectors |
Consumer Defensive 21.6%, Industrials 20.7%, Financial Services 13.3% |
| Expense ratio |
0.35% |
| Market-cap mix |
Large 97.0%, mid 3.0%, small 0.0% |
| 82/100 |
|
| P/E |
22.25 |
| P/B |
2.88 |
| Dividend yield |
1.84% |
| Year-to-date return |
+19.63% |
| Top holdings |
PNR (1.88%), ROP (1.70%), CLX (1.58%), ERIE (1.57%), PPG (1.57%) |
Holdings, performance and fees for NOBL are on its fund summary page ; the ETF Screener lines it up against its peers. Its biggest buy this time, PNR, has its own GF Value page and stock summary .
What should investors watch next for NOBL?
Watch whether the next update brings further trims to Kimberly-Clark or a broader reversal, given that only one position was decreased this time. Any new names would mark the fund's first additions beyond its existing roster.
Based on holdings changes reported by ProShares S&P 500 Dividend Aristocrats ETF ( NOBL ) for Nov. 3, 2026, US-listed stocks only.
What else did ETFs trade on Tuesday?
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Sector Trends: Technology Leads, Consumer Defensive Sold on Nov. 3
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ETFs Are Net Sellers of Kimberly-Clark ( NASDAQ:KMB ) on Tuesday
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Invesco S&P 500 Equal Weight (RSP) Adds Kimberly-Clark and Moderna on Nov. 3
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State Street SPDR S&P Dividend ETF (SDY) Adds Verizon and Realty Income on Nov. 3
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iShares Core S&P Mid-Cap (IJH) Adds Glaukos and TechnipFMC on Nov. 3
