ProShares Large Cap Core Plus (BATS:CSM) Reaches New 12-Month High – What’s Next?

ProShares Large Cap Core Plus (BATS:CSM)’s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $80.2324 and last traded at $80.1540, with a volume of 9695 shares traded. The stock had previously closed at $79.83.

ProShares Large Cap Core Plus Price Performance

The firm’s fifty day moving average is $79.36 and its two-hundred day moving average is $76.59. The firm has a market cap of $508.39 million, a price-to-earnings ratio of 20.56 and a beta of 1.02.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CSM. B. Riley Wealth Advisors Inc. acquired a new position in shares of ProShares Large Cap Core Plus during the second quarter valued at approximately $14,021,000. Manchester Financial Inc. increased its position in shares of ProShares Large Cap Core Plus by 119.1% during the 3rd quarter. Manchester Financial Inc. now owns 30,006 shares of the company’s stock valued at $2,298,000 after purchasing an additional 16,311 shares during the period. Elmwood Wealth Management Inc. bought a new stake in shares of ProShares Large Cap Core Plus in the 4th quarter worth $1,106,000. Patten Group Inc. raised its stake in shares of ProShares Large Cap Core Plus by 78.7% in the 4th quarter. Patten Group Inc. now owns 24,066 shares of the company’s stock worth $1,918,000 after buying an additional 10,599 shares in the last quarter. Finally, Royal Bank of Canada lifted its holdings in shares of ProShares Large Cap Core Plus by 57.1% in the first quarter. Royal Bank of Canada now owns 25,594 shares of the company’s stock valued at $1,631,000 after buying an additional 9,298 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.