ProShares Large Cap Core Plus (BATS:CSM) Sets New 52-Week High – Here’s Why

ProShares Large Cap Core Plus (BATS:CSM) shares reached a new 52-week high during trading on Monday . The company traded as high as $87.60 and last traded at $87.60, with a volume of 12911 shares. The stock had previously closed at $86.49.

ProShares Large Cap Core Plus Trading Up 1.3%

The stock has a market cap of $554.51 million, a PE ratio of 20.56 and a beta of 1.02. The business has a 50 day moving average of $85.52 and a 200-day moving average of $81.64.

Institutional Investors Weigh In On ProShares Large Cap Core Plus

A number of institutional investors and hedge funds have recently made changes to their positions in CSM. Cerity Partners LLC boosted its stake 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 during the period. Fifth Third Bancorp acquired a new position in ProShares Large Cap Core Plus in the 4th quarter valued at about $25,000. JPMorgan Chase & Co. purchased a new stake in ProShares Large Cap Core Plus during the 2nd quarter valued at approximately $26,000. Cetera Investment Advisers lifted its position in 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 worth $2,488,000 after acquiring an additional 431 shares during the period. Finally, Duncan Williams Asset Management LLC lifted its position 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 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.