CoreCommodity Natural Resources ETF (NASDAQ:CCNR) Sets New 1-Year High – Still a Buy?

CoreCommodity Natural Resources ETF (NASDAQ:CCNR) shares reached a new 52-week high on Wednesday . The stock traded as high as $39.63 and last traded at $39.1110, with a volume of 1737 shares. The stock had previously closed at $38.97.

CoreCommodity Natural Resources ETF Price Performance

The business’s fifty day moving average price is $34.78 and its 200-day moving average price is $31.68. The stock has a market capitalization of $15.37 billion, a price-to-earnings ratio of 12.52 and a beta of 30.62.

CoreCommodity Natural Resources ETF Announces Dividend

The business also recently disclosed an annual dividend, which was paid on Tuesday, December 9th. Shareholders of record on Monday, December 8th were issued a dividend of $1.1419 per share. This represents a yield of 358.0%. The ex-dividend date of this dividend was Monday, December 8th.

Institutional Trading of CoreCommodity Natural Resources ETF

Several institutional investors have recently made changes to their positions in CCNR. Goldman Sachs Group Inc. purchased a new position in CoreCommodity Natural Resources ETF during the first quarter worth about $5,103,000. Joseph Group Capital Management purchased a new stake in shares of CoreCommodity Natural Resources ETF during the second quarter valued at approximately $11,920,000. Finally, Jane Street Group LLC purchased a new position in CoreCommodity Natural Resources ETF in the second quarter worth $501,000.

About CoreCommodity Natural Resources ETF

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.