ProShares Large Cap Core Plus (BATS:CSM) Reaches New 12-Month High – Here’s Why

ProShares Large Cap Core Plus (BATS:CSM) reached a new 52-week high on Tuesday . The stock traded as high as $85.98 and last traded at $85.98, with a volume of 457 shares. The stock had previously closed at $84.92.

ProShares Large Cap Core Plus Stock Up 0.8%

The company has a market cap of $544.63 million, a price-to-earnings ratio of 20.56 and a beta of 1.02. The company’s fifty day moving average price is $80.00 and its two-hundred day moving average price is $79.38.

Institutional Trading of ProShares Large Cap Core Plus

Several hedge funds have recently modified their holdings of the company. Cerity Partners LLC increased its holdings in shares of ProShares Large Cap Core Plus by 1.0% during the second quarter. Cerity Partners LLC now owns 29,970 shares of the company’s stock worth $2,112,000 after buying an additional 296 shares in the last quarter. Fifth Third Bancorp bought a new stake in shares of ProShares Large Cap Core Plus during the fourth quarter valued at approximately $25,000. JPMorgan Chase & Co. bought a new stake in shares of ProShares Large Cap Core Plus during the second quarter valued at approximately $26,000. Cetera Investment Advisers grew 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 valued at $2,488,000 after purchasing an additional 431 shares during the last quarter. Finally, Duncan Williams Asset Management LLC grew 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 valued at $2,506,000 after purchasing an additional 550 shares during the last quarter.

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.