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

ProShares Large Cap Core Plus (BATS:CSM)’s stock price reached a new 52-week high during mid-day trading 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 stock 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 50-day moving average is $80.00 and its 200-day moving average is $79.38.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in CSM. Waterfront Wealth Inc. raised its position in ProShares Large Cap Core Plus by 23.1% in the first quarter. Waterfront Wealth Inc. now owns 134,277 shares of the company’s stock worth $10,047,000 after purchasing an additional 25,172 shares in the last quarter. CreativeOne Wealth LLC acquired a new position in ProShares Large Cap Core Plus in the fourth quarter worth about $1,196,000. Elmwood Wealth Management Inc. acquired a new position in ProShares Large Cap Core Plus in the fourth quarter worth about $1,106,000. Patten Group Inc. raised its position in ProShares Large Cap Core Plus by 78.7% in the fourth quarter. Patten Group Inc. now owns 24,066 shares of the company’s stock worth $1,918,000 after purchasing an additional 10,599 shares in the last quarter. Finally, Royal Bank of Canada increased its holdings in shares of ProShares Large Cap Core Plus by 57.1% during the first quarter. Royal Bank of Canada now owns 25,594 shares of the company’s stock worth $1,631,000 after buying an additional 9,298 shares in 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.