CoreCommodity Natural Resources ETF (NASDAQ:CCNR) Stock Price Up 1.5% – Still a Buy?

CoreCommodity Natural Resources ETF (NASDAQ:CCNR)’s stock price rose 1.5% on Friday . The stock traded as high as $23.89 and last traded at $23.90. Approximately 13 shares traded hands during mid-day trading, a decline of 100% from the average daily volume of 64,546 shares. The stock had previously closed at $23.55.

CoreCommodity Natural Resources ETF Stock Up 1.5 %

The firm has a 50 day moving average of $23.84 and a two-hundred day moving average of $24.43. The firm has a market capitalization of $8.42 billion and a price-to-earnings ratio of 11.90.

CoreCommodity Natural Resources ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Wednesday, December 11th. Investors of record on Tuesday, December 10th were paid a $0.2953 dividend. The ex-dividend date was Tuesday, December 10th.

Institutional Trading of CoreCommodity Natural Resources ETF

A hedge fund recently raised its stake in CoreCommodity Natural Resources ETF stock. CoreCommodity Management LLC grew its position in shares of CoreCommodity Natural Resources ETF (NASDAQ:CCNR) by 4.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,094,180 shares of the company’s stock after purchasing an additional 539,791 shares during the quarter. CoreCommodity Natural Resources ETF makes up 54.6% of CoreCommodity Management LLC’s holdings, making the stock its biggest holding. CoreCommodity Management LLC owned approximately 3.96% of CoreCommodity Natural Resources ETF worth $280,222,000 at the end of the most recent reporting period.

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.