CoreCommodity Natural Resources ETF (NASDAQ:CCNR) Sets New 52-Week High – Still a Buy?

CoreCommodity Natural Resources ETF (NASDAQ:CCNRGet Free Report) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $34.17 and last traded at $32.94, with a volume of 1908131 shares. The stock had previously closed at $32.73.

CoreCommodity Natural Resources ETF Stock Up 0.6%

The company has a market cap of $12.87 billion, a price-to-earnings ratio of 12.52 and a beta of 30.62. The company has a fifty day simple moving average of $31.86 and a two-hundred day simple moving average of $29.44.

CoreCommodity Natural Resources ETF Dividend Announcement

The firm also recently disclosed an annual dividend, which was paid on Tuesday, December 9th. Investors of record on Monday, December 8th were given a $1.1419 dividend. The ex-dividend date was Monday, December 8th. This represents a dividend yield of 358.0%.

Hedge Funds Weigh In On CoreCommodity Natural Resources ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CCNR. Jane Street Group LLC purchased a new stake in shares of CoreCommodity Natural Resources ETF in the second quarter valued at about $501,000. Goldman Sachs Group Inc. acquired a new position in shares of CoreCommodity Natural Resources ETF during the 1st quarter worth approximately $5,103,000. Finally, Joseph Group Capital Management purchased a new stake in CoreCommodity Natural Resources ETF in the 2nd quarter valued at approximately $11,920,000.

CoreCommodity Natural Resources ETF Company Profile

(Get Free Report)

The ALPS CoreCommodity Natural Resources ETF (CCNR) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund seeks to maximize real returns through an actively managed portfolio of companies from around the globe that are engaged in natural resources, which includes energy, agriculture, as well as base and precious metals and minerals. CCNR was launched on Jul 10, 2024 and is issued by SS&C.

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