ProShares Large Cap Core Plus (BATS:CSM) Hits New 52-Week High – Should You Buy?

ProShares Large Cap Core Plus (BATS:CSM) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $80.2324 and last traded at $78.7790, with a volume of 9695 shares. The stock had previously closed at $79.83.

ProShares Large Cap Core Plus Stock Down 1.1%

The firm has a market capitalization of $499.82 million, a P/E ratio of 20.56 and a beta of 1.02. The business’s 50-day simple moving average is $79.14 and its 200 day simple moving average is $76.23.

Hedge Funds Weigh In On ProShares Large Cap Core Plus

A number of large investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. bought a new stake in ProShares Large Cap Core Plus in the second quarter worth $26,000. Global Wealth Strategies & Associates purchased a new position in shares of ProShares Large Cap Core Plus in the third quarter worth about $160,000. JBR Co Financial Management Inc purchased a new stake in ProShares Large Cap Core Plus during the 2nd quarter valued at about $200,000. HHM Wealth Advisors LLC grew its position 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 acquiring an additional 1,848 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in ProShares Large Cap Core Plus in the 2nd quarter worth 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.