ProShares Large Cap Core Plus (BATS:CSM) Reaches New 12-Month High – Should You Buy?

Shares of ProShares Large Cap Core Plus (BATS:CSM) reached a new 52-week high on Monday . The stock traded as high as $80.2324 and last traded at $80.5250, with a volume of 9695 shares trading hands. The stock had previously closed at $79.83.

ProShares Large Cap Core Plus Stock Up 1.1%

The stock’s 50 day moving average is $78.89 and its two-hundred day moving average is $75.82. The company has a market capitalization of $510.74 million, a PE ratio of 20.56 and a beta of 1.02.

Hedge Funds Weigh In On ProShares Large Cap Core Plus

Hedge funds and other institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. bought a new position in ProShares Large Cap Core Plus in the second quarter worth approximately $26,000. Global Wealth Strategies & Associates purchased a new position in shares of ProShares Large Cap Core Plus in the 3rd quarter valued at $160,000. JBR Co Financial Management Inc bought a new position in shares of ProShares Large Cap Core Plus in the 2nd quarter worth $200,000. HHM Wealth Advisors LLC raised its position in shares of ProShares Large Cap Core Plus by 184.8% in the 2nd quarter. HHM Wealth Advisors LLC now owns 2,848 shares of the company’s stock worth $201,000 after acquiring an additional 1,848 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in shares of ProShares Large Cap Core Plus during the 2nd quarter worth $206,000.

ProShares Large Cap Core Plus Company Profile

The ProShares Large Cap Core Plus (CSM) is an exchange-traded fund that is based on the Credit Suisse 130\u002F30 Large Cap index. The fund tracks a long\u002Fshort index of the 500 largest US stocks. It uses a set of rules to assign weights to each equity that add up to 130% long and 30% short exposure. CSM was launched on Jul 14, 2009 and is managed by ProShares.