Commonwealth Financial Services LLC Reduces Stock Holdings in ProShares Large Cap Core Plus $CSM

Commonwealth Financial Services LLC decreased its holdings in ProShares Large Cap Core Plus (BATS:CSM) by 6.5% in the second quarter, HoldingsChannel.com reports. The fund owned 5,410 shares of the company’s stock after selling 376 shares during the period. Commonwealth Financial Services LLC’s holdings in ProShares Large Cap Core Plus were worth $381,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. LPL Financial LLC lifted its stake in ProShares Large Cap Core Plus by 16.8% in the first quarter. LPL Financial LLC now owns 347,337 shares of the company’s stock worth $22,132,000 after acquiring an additional 50,022 shares during the period. Freedom Investment Management Inc. lifted its stake in ProShares Large Cap Core Plus by 1.1% in the first quarter. Freedom Investment Management Inc. now owns 42,615 shares of the company’s stock worth $2,715,000 after acquiring an additional 448 shares during the period. Royal Bank of Canada lifted its stake in 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 worth $1,631,000 after acquiring an additional 9,298 shares during the period. Navis Wealth Advisors LLC lifted its stake in ProShares Large Cap Core Plus by 9.9% in the first quarter. Navis Wealth Advisors LLC now owns 12,380 shares of the company’s stock worth $789,000 after acquiring an additional 1,120 shares during the period. Finally, PNC Financial Services Group Inc. purchased a new stake in ProShares Large Cap Core Plus in the first quarter worth $357,000.

ProShares Large Cap Core Plus Stock Up 6.8%

Shares of CSM stock opened at $75.36 on Friday. The firm has a market capitalization of $477.03 million, a price-to-earnings ratio of 20.56 and a beta of 1.02. The stock has a fifty day moving average of $74.81 and a 200 day moving average of $69.44. ProShares Large Cap Core Plus has a 52 week low of $55.06 and a 52 week high of $72.14.

ProShares Large Cap Core Plus 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.