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

ProShares Large Cap Core Plus (BATS:CSM) hit a new 52-week high during trading on Thursday . The company 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 Trading Up 0.7%

The stock’s fifty day simple moving average is $85.92 and its 200 day simple moving average is $82.18. The company has a market cap of $568.50 million, a price-to-earnings ratio of 20.56 and a beta of 1.02.

Institutional Investors Weigh In On ProShares Large Cap Core Plus

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Focus Financial Network Inc. acquired a new position in ProShares Large Cap Core Plus in the 2nd quarter valued at about $225,000. RDA Financial Network acquired a new stake in shares of ProShares Large Cap Core Plus during the 2nd quarter worth approximately $217,000. Royal Bank of Canada raised its position in shares of ProShares Large Cap Core Plus by 20.2% during the 1st quarter. Royal Bank of Canada now owns 15,157 shares of the company’s stock valued at $1,134,000 after buying an additional 2,548 shares during the period. Cetera Investment Advisers raised its position in shares of ProShares Large Cap Core Plus by 1.3% during the 1st quarter. Cetera Investment Advisers now owns 33,259 shares of the company’s stock valued at $2,488,000 after buying an additional 431 shares during the period. Finally, Fifth Third Bancorp lifted 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 during 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.