ProShares Large Cap Core Plus (BATS:CSM) Reaches New 52-Week High – Time to Buy?

ProShares Large Cap Core Plus (BATS:CSM)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $79.97 and last traded at $79.9350, with a volume of 3089 shares. The stock had previously closed at $80.09.

ProShares Large Cap Core Plus Stock Performance

The firm has a fifty day moving average price of $79.69 and a 200 day moving average price of $76.90. The company has a market cap of $502.47 million, a price-to-earnings ratio of 20.56 and a beta of 1.02.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Fifth Third Bancorp bought a new stake in shares of ProShares Large Cap Core Plus in the 4th quarter valued at about $25,000. JPMorgan Chase & Co. bought a new stake in ProShares Large Cap Core Plus in the second quarter valued at approximately $26,000. Global Wealth Strategies & Associates acquired a new stake in shares of ProShares Large Cap Core Plus in the third quarter valued at approximately $160,000. JBR Co Financial Management Inc bought a new position in shares of ProShares Large Cap Core Plus during the 2nd quarter worth approximately $200,000. Finally, HHM Wealth Advisors LLC increased its holdings in shares of 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 acquiring an additional 1,848 shares during the last quarter.

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.