ProShares Large Cap Core Plus (BATS:CSM) Reaches New 1-Year High – Time to Buy?

Shares of ProShares Large Cap Core Plus (BATS:CSM) reached a new 52-week high on Monday . The stock traded as high as $79.97 and last traded at $79.7010, with a volume of 3089 shares. The stock had previously closed at $80.09.

ProShares Large Cap Core Plus Price Performance

The stock has a market cap of $506.98 million, a P/E ratio of 20.56 and a beta of 1.02. The firm’s 50-day moving average price is $79.71 and its 200-day moving average price is $77.06.

Hedge Funds Weigh In On ProShares Large Cap Core Plus

Several institutional investors have recently bought and sold shares of the business. Royal Bank of Canada boosted its stake in shares of ProShares Large Cap Core Plus by 57.1% during the 1st quarter. Royal Bank of Canada now owns 25,594 shares of the company’s stock worth $1,631,000 after purchasing an additional 9,298 shares during the period. Kingswood Wealth Advisors LLC bought a new stake in ProShares Large Cap Core Plus in the second quarter worth about $223,000. Manchester Financial Inc. boosted its position in shares of ProShares Large Cap Core Plus by 49.9% during the second quarter. Manchester Financial Inc. now owns 13,695 shares of the company’s stock valued at $965,000 after buying an additional 4,560 shares during the period. Prospera Financial Services Inc boosted its position in shares of ProShares Large Cap Core Plus by 5.7% during the second quarter. Prospera Financial Services Inc now owns 9,218 shares of the company’s stock valued at $650,000 after buying an additional 498 shares during the period. Finally, HHM Wealth Advisors LLC grew its stake in shares of ProShares Large Cap Core Plus by 184.8% during the second quarter. HHM Wealth Advisors LLC now owns 2,848 shares of the company’s stock valued at $201,000 after buying 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.