CoreCommodity Natural Resources ETF (NASDAQ:CCNR) Sets New 12-Month High – Time to Buy?

CoreCommodity Natural Resources ETF (NASDAQ:CCNR)’s share price hit a new 52-week high on Monday . The company traded as high as $34.85 and last traded at $34.8240, with a volume of 619 shares changing hands. The stock had previously closed at $34.53.

CoreCommodity Natural Resources ETF Stock Performance

The stock has a 50-day simple moving average of $32.35 and a 200 day simple moving average of $30.10. The stock has a market capitalization of $12.06 billion, a P/E ratio of 12.52 and a beta of 30.62.

CoreCommodity Natural Resources ETF Announces Dividend

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

Institutional Trading of CoreCommodity Natural Resources ETF

A number of institutional investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. acquired a new stake in shares of CoreCommodity Natural Resources ETF during the first quarter worth $5,103,000. Joseph Group Capital Management acquired a new stake in shares of CoreCommodity Natural Resources ETF in the 2nd quarter valued at approximately $11,920,000. Finally, Jane Street Group LLC acquired a new stake in shares of CoreCommodity Natural Resources ETF in the 2nd quarter valued at approximately $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.