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

CoreCommodity Natural Resources ETF (NASDAQ:CCNR)’s stock price hit a new 52-week high on Tuesday . The company traded as high as $40.23 and last traded at $39.90, with a volume of 47308 shares changing hands. The stock had previously closed at $39.72.

CoreCommodity Natural Resources ETF Trading Up 0.5%

The stock has a market cap of $15.88 billion, a P/E ratio of 12.52 and a beta of 30.62. The business’s fifty day simple moving average is $36.01 and its 200 day simple moving average is $32.48.

CoreCommodity Natural Resources ETF Dividend Announcement

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

Institutional Investors Weigh In On CoreCommodity Natural Resources ETF

Several hedge funds and other institutional investors have recently made changes to their positions in CCNR. MML Investors Services LLC bought a new stake in shares of CoreCommodity Natural Resources ETF during the fourth quarter worth $239,000. LPL Financial LLC bought a new stake in CoreCommodity Natural Resources ETF during the 4th quarter worth about $417,000. OLD Mission Capital LLC lifted its position in CoreCommodity Natural Resources ETF by 90.1% during the 4th quarter. OLD Mission Capital LLC now owns 27,833 shares of the company’s stock valued at $912,000 after purchasing an additional 13,195 shares during the period. Jane Street Group LLC bought a new position in shares of CoreCommodity Natural Resources ETF in the 2nd quarter valued at about $501,000. Finally, Royal Bank of Canada acquired a new stake in shares of CoreCommodity Natural Resources ETF during the 4th quarter worth approximately $639,000.

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.