ProShares Large Cap Core Plus (BATS:CSM) Sets New 52-Week High – What’s Next?

ProShares Large Cap Core Plus (BATS:CSM)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $84.74 and last traded at $84.74, with a volume of 1418 shares. The stock had previously closed at $84.60.

ProShares Large Cap Core Plus Trading Up 0.3%

The stock has a 50 day simple moving average of $78.92 and a 200 day simple moving average of $79.02. The stock has a market cap of $536.53 million, a P/E ratio of 20.56 and a beta of 1.02.

Hedge Funds Weigh In On ProShares Large Cap Core Plus

A number of hedge funds have recently added to or reduced their stakes in the stock. Cerity Partners LLC lifted its holdings in ProShares Large Cap Core Plus by 1.0% during the 2nd quarter. Cerity Partners LLC now owns 29,970 shares of the company’s stock worth $2,112,000 after buying an additional 296 shares during the period. Fifth Third Bancorp acquired a new position in ProShares Large Cap Core Plus during the 4th quarter worth about $25,000. JPMorgan Chase & Co. acquired a new position in ProShares Large Cap Core Plus during the 2nd quarter worth about $26,000. Duncan Williams Asset Management LLC lifted its holdings in ProShares Large Cap Core Plus by 1.8% during the 4th quarter. Duncan Williams Asset Management LLC now owns 31,712 shares of the company’s stock worth $2,506,000 after buying an additional 550 shares during the period. Finally, Onyx Bridge Wealth Group LLC lifted its holdings in ProShares Large Cap Core Plus by 0.5% during the 3rd quarter. Onyx Bridge Wealth Group LLC now owns 116,877 shares of the company’s stock worth $8,949,000 after buying an additional 599 shares during the period.

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.