ProShares Large Cap Core Plus (BATS:CSM) Sets New 1-Year High – What’s Next?

ProShares Large Cap Core Plus (BATS:CSM) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $80.2324 and last traded at $78.7790, with a volume of 9695 shares. The stock had previously closed at $79.83.

ProShares Large Cap Core Plus Stock Down 1.1%

The company has a market capitalization of $499.82 million, a P/E ratio of 20.56 and a beta of 1.02. The business’s 50-day moving average is $79.14 and its two-hundred day moving average is $76.23.

Hedge Funds Weigh In On ProShares Large Cap Core Plus

A number of hedge funds and other institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. bought a new position in shares of ProShares Large Cap Core Plus in the second quarter valued at approximately $26,000. Global Wealth Strategies & Associates purchased a new position in ProShares Large Cap Core Plus in the third quarter worth $160,000. JBR Co Financial Management Inc purchased a new position in ProShares Large Cap Core Plus in the second quarter worth $200,000. HHM Wealth Advisors LLC grew its stake in ProShares Large Cap Core Plus by 184.8% in the 2nd quarter. HHM Wealth Advisors LLC now owns 2,848 shares of the company’s stock valued at $201,000 after purchasing an additional 1,848 shares during the period. Finally, Wealth Enhancement Advisory Services LLC bought a new position in ProShares Large Cap Core Plus in the 2nd quarter valued at $206,000.

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.