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

ProShares Large Cap Core Plus (BATS:CSM) shares hit a new 52-week high on Tuesday . The company traded as high as $83.15 and last traded at $83.07, with a volume of 2698 shares trading hands. The stock had previously closed at $82.30.

ProShares Large Cap Core Plus Price Performance

The company has a market capitalization of $526.53 million, a price-to-earnings ratio of 20.56 and a beta of 1.02. The business’s 50 day simple moving average is $78.19 and its 200 day simple moving average is $78.64.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Waterfront Wealth Inc. increased its stake in shares of ProShares Large Cap Core Plus by 23.1% during the first quarter. Waterfront Wealth Inc. now owns 134,277 shares of the company’s stock worth $10,047,000 after acquiring an additional 25,172 shares during the period. Stifel Financial Corp increased its stake in shares of ProShares Large Cap Core Plus by 0.6% during the fourth quarter. Stifel Financial Corp now owns 121,557 shares of the company’s stock worth $9,686,000 after acquiring an additional 751 shares during the period. Onyx Bridge Wealth Group LLC increased its stake in shares of ProShares Large Cap Core Plus by 0.5% during the third quarter. Onyx Bridge Wealth Group LLC now owns 116,877 shares of the company’s stock worth $8,949,000 after acquiring an additional 599 shares during the period. Wells Fargo & Company MN increased its stake in shares of ProShares Large Cap Core Plus by 2.7% during the fourth quarter. Wells Fargo & Company MN now owns 65,425 shares of the company’s stock worth $5,213,000 after acquiring an additional 1,732 shares during the period. Finally, Duncan Williams Asset Management LLC increased its stake in shares of ProShares Large Cap Core Plus by 1.8% during the fourth quarter. Duncan Williams Asset Management LLC now owns 31,712 shares of the company’s stock worth $2,506,000 after acquiring an additional 550 shares during the period.

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.