CoreCommodity Natural Resources ETF (NASDAQ:CCNR) Reaches New 12-Month High – What’s Next?

CoreCommodity Natural Resources ETF (NASDAQ:CCNR)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $30.02 and last traded at $29.91, with a volume of 2809 shares trading hands. The stock had previously closed at $29.74.

CoreCommodity Natural Resources ETF Trading Up 0.6%

The stock has a market capitalization of $10.85 billion and a PE ratio of 12.52. The firm’s fifty day moving average price is $27.84 and its two-hundred day moving average price is $25.70.

Institutional Investors Weigh In On CoreCommodity Natural Resources ETF

Institutional investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. acquired a new stake in CoreCommodity Natural Resources ETF in the 1st quarter valued at $5,103,000. Jane Street Group LLC acquired a new stake in CoreCommodity Natural Resources ETF in the 2nd quarter valued at $501,000. Finally, Joseph Group Capital Management acquired a new stake in CoreCommodity Natural Resources ETF in the 2nd quarter valued at $11,920,000.

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.