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

ProShares Large Cap Core Plus (BATS:CSM) shares reached a new 52-week high during trading on Monday . The stock traded as high as $80.2324 and last traded at $80.1540, with a volume of 9695 shares changing hands. The stock had previously closed at $79.83.

ProShares Large Cap Core Plus Trading Up 0.6%

The company has a market capitalization of $508.23 million, a price-to-earnings ratio of 20.56 and a beta of 1.02. The company has a 50 day moving average price of $79.21 and a 200 day moving average price of $76.46.

Hedge Funds Weigh In On ProShares Large Cap Core Plus

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Manchester Financial Inc. lifted its holdings in ProShares Large Cap Core Plus by 119.1% during the third quarter. Manchester Financial Inc. now owns 30,006 shares of the company’s stock worth $2,298,000 after acquiring an additional 16,311 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new position in shares of ProShares Large Cap Core Plus in the 2nd quarter valued at approximately $14,021,000. Kingswood Wealth Advisors LLC bought a new stake in ProShares Large Cap Core Plus during the 2nd quarter worth approximately $223,000. HHM Wealth Advisors LLC raised its holdings in ProShares Large Cap Core Plus by 184.8% during the 2nd quarter. HHM Wealth Advisors LLC now owns 2,848 shares of the company’s stock worth $201,000 after buying an additional 1,848 shares during the period. Finally, Wealth Enhancement Advisory Services LLC bought a new position in ProShares Large Cap Core Plus in the second quarter valued at approximately $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.