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

CoreCommodity Natural Resources ETF (NASDAQ:CCNR) shares reached a new 52-week high on Thursday . The stock traded as high as $29.30 and last traded at $29.30, with a volume of 2532 shares changing hands. The stock had previously closed at $29.00.

CoreCommodity Natural Resources ETF Stock Down 0.2%

The stock has a market capitalization of $10.58 billion and a P/E ratio of 12.52. The firm’s 50 day simple moving average is $27.72 and its two-hundred day simple moving average is $25.60.

Institutional Investors Weigh In On CoreCommodity Natural Resources ETF

Several hedge funds and other institutional investors have recently bought and sold shares of CCNR. Jane Street Group LLC bought a new stake in CoreCommodity Natural Resources ETF in the second quarter valued at $501,000. Goldman Sachs Group Inc. bought a new stake in shares of CoreCommodity Natural Resources ETF during the first quarter worth about $5,103,000. Finally, Joseph Group Capital Management bought a new stake in shares of CoreCommodity Natural Resources ETF during the second quarter worth about $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.