ProShares Large Cap Core Plus (BATS:CSM) Hits New 1-Year High – Should You Buy?

Shares of ProShares Large Cap Core Plus (BATS:CSM) hit a new 52-week high during trading on Thursday . The stock traded as high as $89.81 and last traded at $89.81, with a volume of 1299 shares changing hands. The stock had previously closed at $89.22.

ProShares Large Cap Core Plus Stock Up 0.7%

The firm has a market cap of $568.50 million, a PE ratio of 20.56 and a beta of 1.02. The business has a 50-day moving average price of $85.92 and a two-hundred day moving average price of $82.18.

Institutional Investors Weigh In On ProShares Large Cap Core Plus

Large investors have recently bought and sold shares of the stock. Focus Financial Network Inc. acquired a new stake in ProShares Large Cap Core Plus in the 2nd quarter valued at about $225,000. RDA Financial Network purchased a new stake in shares of ProShares Large Cap Core Plus during the second quarter worth approximately $217,000. Royal Bank of Canada increased its stake in shares of ProShares Large Cap Core Plus by 20.2% during the first quarter. Royal Bank of Canada now owns 15,157 shares of the company’s stock worth $1,134,000 after buying an additional 2,548 shares during the period. Cetera Investment Advisers increased its stake in shares of ProShares Large Cap Core Plus by 1.3% during the first quarter. Cetera Investment Advisers now owns 33,259 shares of the company’s stock worth $2,488,000 after buying an additional 431 shares during the period. Finally, Fifth Third Bancorp raised its holdings in ProShares Large Cap Core Plus by 818.1% in the first quarter. Fifth Third Bancorp now owns 2,846 shares of the company’s stock valued at $213,000 after acquiring an additional 2,536 shares in the last quarter.

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.