Core Alternative ETF (NYSEARCA:CCOR) Shares Down 0.8% – Here’s Why

Core Alternative ETF (NYSEARCA:CCOR)’s share price dropped 0.8% on Wednesday . The company traded as low as $26.32 and last traded at $26.32. Approximately 11,754 shares changed hands during mid-day trading, an increase of 120% from the average daily volume of 5,339 shares. The stock had previously closed at $26.52.

Core Alternative ETF Stock Down 0.8%

The company has a 50 day simple moving average of $26.21 and a 200 day simple moving average of $26.44. The company has a market capitalization of $37.64 million, a price-to-earnings ratio of 22.20 and a beta of 0.19.

Core Alternative ETF Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Wednesday, December 17th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Wednesday, December 17th.

Core Alternative ETF Company Profile

The Core Alternative ETF (CCOR) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed ETF that seeks capital appreciation and preservation with low correlation to the broad US equity market. The fund primarily holds dividend-paying large-cap stocks with an option collar overlay. CCOR was launched on May 24, 2017 and is managed by Core Alternative.