CoreCommodity Natural Resources ETF (NASDAQ:CCNR) Hits New 52-Week High – Time to Buy?

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

CoreCommodity Natural Resources ETF Stock Performance

The stock has a 50-day moving average of $35.02 and a two-hundred day moving average of $31.79. The company has a market cap of $15.22 billion, a P/E ratio of 12.52 and a beta of 30.62.

CoreCommodity Natural Resources ETF Announces Dividend

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

Institutional Trading of CoreCommodity Natural Resources ETF

A number of institutional investors and hedge funds have recently bought and sold shares of CCNR. LPL Financial LLC purchased a new position in CoreCommodity Natural Resources ETF in the fourth quarter worth about $417,000. Jane Street Group LLC bought a new stake in shares of CoreCommodity Natural Resources ETF during the second quarter valued at approximately $501,000. Goldman Sachs Group Inc. purchased a new position in CoreCommodity Natural Resources ETF in the 1st quarter worth approximately $5,103,000. Finally, Joseph Group Capital Management bought a new position in CoreCommodity Natural Resources ETF in the 2nd quarter valued at approximately $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. CCNR was launched on Jul 10, 2024 and is issued by SS&C.