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

Shares of ProShares Large Cap Core Plus (BATS:CSM) hit a new 52-week high during trading on Monday . The company traded as high as $80.2324 and last traded at $80.08, with a volume of 9695 shares traded. The stock had previously closed at $79.83.

ProShares Large Cap Core Plus Stock Up 0.3%

The stock has a market capitalization of $506.91 million, a P/E ratio of 20.56 and a beta of 1.02. The stock has a 50 day simple moving average of $78.74 and a two-hundred day simple moving average of $75.49.

Institutional Investors Weigh In On ProShares Large Cap Core Plus

Several hedge funds have recently bought and sold shares of CSM. JPMorgan Chase & Co. acquired a new position in shares of ProShares Large Cap Core Plus in the second quarter valued at about $26,000. Global Wealth Strategies & Associates bought 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 acquired a new stake in ProShares Large Cap Core Plus during the second quarter worth approximately $200,000. HHM Wealth Advisors LLC raised its holdings in 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 valued at $201,000 after acquiring an additional 1,848 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in shares of ProShares Large Cap Core Plus during the 2nd quarter valued at $206,000.

About ProShares Large Cap Core Plus

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.