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

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

ProShares Large Cap Core Plus Stock Performance

The company has a market capitalization of $506.98 million, a PE ratio of 20.56 and a beta of 1.02. The company’s fifty day moving average is $79.71 and its 200-day moving average is $77.06.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. B. Riley Wealth Advisors Inc. purchased a new stake in ProShares Large Cap Core Plus in the 2nd quarter worth $14,021,000. Manchester Financial Inc. lifted its position in shares of ProShares Large Cap Core Plus by 119.1% in the third quarter. Manchester Financial Inc. now owns 30,006 shares of the company’s stock valued at $2,298,000 after acquiring an additional 16,311 shares in the last quarter. Elmwood Wealth Management Inc. bought a new position in shares of ProShares Large Cap Core Plus in the fourth quarter worth about $1,106,000. Patten Group Inc. grew its position in shares of ProShares Large Cap Core Plus by 78.7% during the fourth quarter. Patten Group Inc. now owns 24,066 shares of the company’s stock worth $1,918,000 after purchasing an additional 10,599 shares in the last quarter. Finally, Royal Bank of Canada raised its stake in 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 valued at $1,631,000 after purchasing an additional 9,298 shares during the period.

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.